2401 Belmont & 2414 Chicago, IL 60618
- Land
Current Use by Public Records
- Land
Property Details for 2401 Belmont & 2414
- Property type
- Land
Description
This exceptional 48,520 square foot commercial land parcel, located at 2401 West Belmont Avenue and 2414 West Fletcher in Chicago, Illinois, presents a unique investment opportunity. Zoned M1-2, this high-exposure site boasts a prime location at a lighted three-way intersection of Belmont, Western, and Clybourn Avenues, experiencing over 55,000 vehicles daily. Its proximity to I-90 (217,300 vehicles per day) ensures easy access throughout the Chicagoland area. The property benefits from its location near the North Branch of the Chicago River, offering recreational amenities like the Riverview Hiking Area and WMS Boathouse. A short 20-minute drive to "The Loop" and its extensive office space via I-90 adds to its strategic value. The site is situated near Lane Tech and DePaul College Prep, serving over 5,000 students, and is surrounded by a wealth of amenities including Costco, Target, Jewel-Osco, Mariano's, Walgreens, and the Midtown Athletic Club. This affluent area, encompassing Roscoe Village, Logan Square, Avondale, and Bricktown/Lincoln Park, boasts an average household income exceeding $194,385 within a one-mile radius. The asking price is $6,250,000, translating to $129 per square foot. The APN numbers are 13-25-203-043, 13-25-203-017, 13-25-203-039, 13-25-203-038, 13-25-203-015, 13-25-203-014, 13-25-203-045, 13-25-203-011, and 13-25-203010. This property offers significant potential for a variety of commercial developments.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6883
- Latitude
- 41.9392
