Retail Space on a
For Sale
$899,999
7710-14 W Belmont Avenue, Chicago, IL 60634
Retail space on a corner with CTA access and a longtime tenant in place.
Property Size4,500 SF
Price / SF$199
Days on Market75
Property Features for 7710-14 W Belmont Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
COMMERCIAL
Building Details
Building Size
4,500 SF
Year Built
1957
Listing Agency:
Hometown Real Estate
(773) 870-2773
Listed By:
Nikki Mayer · License #471010465
Source:
Dawnmckennagroup
Added: May 19
Changed: Jul 30
Last Checked: Jul 31 at 11:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hometown Real Estate
Investment Insights
Based on property information with market context.
This retail space is located at 7710-14 W Belmont Avenue in Chicago, IL 60634, built in 1957. The property is described as having a longtime tenant, providing an occupied setting for retail or related uses.
The property is positioned at a corner with CTA access at the corner, supporting convenient public transit access for customers and employees.
The existing configuration is presented as suitable for multiple neighborhood-oriented business types, including stores, offices, personal services, restaurants, or medical building uses. With a total size of 4,500, it offers a compact footprint for an operator seeking a centrally located retail-oriented site.
The property is positioned at a corner with CTA access at the corner, supporting convenient public transit access for customers and employees.
The existing configuration is presented as suitable for multiple neighborhood-oriented business types, including stores, offices, personal services, restaurants, or medical building uses. With a total size of 4,500, it offers a compact footprint for an operator seeking a centrally located retail-oriented site.
Key Highlights
- Retail space total size 4,500
- Corner location with CTA at the corner
- Longtime tenant in place
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $21.60 |
| − Vacancy | −$8.0k | −$1.77 |
| EGI | $89.2k | $19.83 |
| − OpEx | −$26.8k | −$5.95 |
| NOI | $62.5k | $13.88 |
4,500 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$892.3K
$780.8K – $1.04M
NOI $62,461 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,894 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space on a corner with CTA access and a longtime tenant in place.
Where is this retail space located?
The property is located at 7710-14 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Retail space total size 4,500; Corner location with CTA at the corner; Longtime tenant in place
