Multi-Tenant Shopping
953 W Belmont, Chicago, IL 60657
For Sale
Contact for pricing
The tenant roster includes fitness, personal care, dining, and food-service businesses.
Property Size14,281 SF
Price / SF$476.16
Days on Market53
Property Features for 953 W Belmont
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Greenstone Partners - Corporate
(312) 702-0146
Listed By:
Danny Spitz
(312) 234-0360
Source:
Moodyscre
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 12 at 10:29AM
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 Greenstone Partners - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,281-square-foot shopping center at 953 W Belmont in Chicago has a varied tenant roster: Dentologie, Barre3, Chicago Bagel Authority, Hot Chi Chicken, and Milio's Hair Studio. The weighted average lease term remaining is 7.5 years. The offering conveys fee-simple ownership free of debt.
Key Highlights
- 14,281‑square‑foot shopping center at 953 W Belmont, Chicago
- Five tenants include Dentologie, Barre3, Chicago Bagel Authority, Hot Chi Chicken, and Milio's Hair Studio
- Weighted average lease term remaining is 7.5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,575
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,951,500
$4.0M
Cap Rate 7%
$2,822,500
$2.8M
Cap Rate 9%
$2,195,278
$2.2M
Market Conditions
NOI Build-Up for 14,281 SF
Gross rent
$308.5K $21.60/SF
− Vacancy
−$26.2K −$1.84/SF
EGI
$282.2K $19.76/SF
− OpEx
−$84.7K −$5.93/SF
NOI
$197.6K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,951,500
Cap Rate 7%
$2,822,500
Cap Rate 9%
$2,195,278
Alternative Uses
Best Use
Retail
$2.82M
$2.47M – $3.29M
NOI $197,575 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.73M
$5.89M – $7.86M
NOI $471,342 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,406
Businesses Nearby
262k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 32%
Groceries 19%
Home Improvements & Furnishings 2%
Binny's Beverage Depot
Groceries
26,649 visits/mo
0.3 miles
The Fresh Market
Groceries
23,763 visits/mo
0.5 miles
Chick-fil-A
Dining
19,353 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
17,071 visits/mo
0.2 miles
Chase Bank
Shops & Services
10,982 visits/mo
0.2 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - The tenant roster includes fitness, personal care, dining, and food-service businesses.
Where is this shopping center located?
The property is located at 953 W Belmont Chicago, IL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 14,281‑square‑foot shopping center at 953 W Belmont, Chicago; Five tenants include Dentologie, Barre3, Chicago Bagel Authority, Hot Chi Chicken, and Milio's Hair Studio; Weighted average lease term remaining is 7.5 years
