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    2823 Belmont Ave Chicago, IL 60618

    For Lease
    $18 SF/Yr ($7,500 /Mo)

    Modern Chicago Office Suites, 2,000-5,500 SF

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A commercial property, located at 2823 W Belmont Ave in Chicago's Avondale submarket (Cook County, IL, zip code 60618), offers 5,000 square feet of versatile space ideal for traditional office or medical office use. Built in 2022, the single-building property features two suites, with a total of 5,000 square feet currently vacant and available for lease. The minimum leasable space is 2,000 square feet, with a maximum contiguous space of 5,500 square feet. The building boasts a 15-foot ceiling height, providing ample space and a modern feel. Conveniently located on Belmont Avenue, the property is zoned for commercial use. Ample parking is available with two spaces provided. This prime location is well-suited for a variety of businesses, including medical offices, daycares, after-school programs, senior centers, and retail establishments. The property's modern design and desirable location make it an excellent opportunity for businesses seeking a high-quality space in a thriving Chicago neighborhood. The property is situated in the Chicago submarket, specifically within the Avondale submarket cluster.

    Property Features for 2823 Belmont Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Class
    A
    Total Rate
    7500

    Building Details

    Year Built
    2022
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,000 SF
    Rate per SF
    $18

    HighLights

    • Class A, 5,000 SF commercial building at 2823 W Belmont Ave, Chicago, IL 60618.
    • Newly constructed (2022), currently 100% vacant, available for lease.
    • Two suites available, minimum lease 2,000 SF, maximum contiguous 5,000 SF.
    • 15‑foot ceiling height, ample parking (2 spaces).
    • Zoned commercial, ideal for various uses including medical, retail, and daycare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6988325
    Latitude
    41.9392219

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    FAQs

    What type of property is this?
    Medical office - Modern Chicago Office Suites, 2,000-5,500 SF
    Where is this medical office located?
    The property is located at 2823 Belmont Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A, 5,000 SF commercial building at 2823 W Belmont Ave, Chicago, IL 60618.; Newly constructed (2022), currently 100% vacant, available for lease.; Two suites available, minimum lease 2,000 SF, maximum contiguous 5,000 SF.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2823 Belmont Ave Chicago, IL 60618
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