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1138 Belmont Ave Chicago, IL 60657

OFF-MARKET Retail properties & Spaces Google Maps
Built 2024
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional opportunity presents three available retail spaces within a brand-new, five-story mixed-use building in Chicago's vibrant Lakeview neighborhood. Located at 1138 W Belmont Ave, on the corner of West Belmont and North Clinton, this high-visibility location boasts daily traffic counts of 17,700 vehicles. The building, completed in 2024, features 33 residential units and 3,000 square feet of commercial space. Each of the three available retail spaces offers a unique opportunity, ranging from 995 to 1,083 square feet, with the possibility of combining two or more for a larger footprint. Each space includes 200 AMP electrical service and a finished bathroom with toilet and sink, along with HVAC featuring spiral ductwork. The building's B3-3 zoning allows for a variety of retail, office, and restaurant uses. The property offers 16 total parking spaces. This prime location benefits from excellent proximity to public transportation, including the Belmont Avenue (#77) bus route (0.1 miles), the Clark Street (#22) bus route (0.3 miles), and the Blue, Brown, and Purple Line "L" trains (0.2 miles). The surrounding Lakeview neighborhood is known for its thriving mix of theaters, restaurants, and retail businesses. Projected availability is Winter 2024/2025, with leasing available now.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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