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    1525 W Belmont Ave Chicago, IL 60657
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    1525 W Belmont Ave Chicago, IL 60657

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    • Retail space
    • 12,500 SF
    • 0.26 lot acres
    For Lease
    $2,035,000
    View Listing →
    Prime Retail/Medical Space Available For Lease
    $2,035,000
    3,707 SF

    Prime Retail/Medical Space Available

    3,707 SF endcap near Whole Foods, high traffic area.

    1525 W Belmont Ave, Chicago, IL
    View Listing
    Property ID
    US28-0178526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alex Wolking | Keller Williams ONEChicago / Real Estate Agency
    • Joe Green Team at Keller Williams ONE Chicago-Lakeview / Real Estate Agency
    • Matt Reilly, The Windy City Agent / Real Estate Agency
    • Presence Rehabilitation and Sports Medicine / Medical Clinic
    • Elizabeth Oyarzun - Realtor / Real Estate Agency

    Property Details for 1525 W Belmont Ave

    Year built
    1953
    Lot size
    0.26 lot acres
    Property size
    12,500 SF
    Property type
    Retail space
    APN
    14-29-100-018
    APU
    1429100018

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,880,000
      6.5%
      $2,660,000
      7%
      $2,470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,236,000
      Market price range: $404k - $2.25M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6672
    Latitude
    41.9395
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $106,454
    $168,780
    $334,686
    $503,466
    -
    $675,120
    $1,338,744
    $2,013,864

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      2834 Lincoln Ave, Unit G

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      2834 Lincoln Ave, Chicago, IL 60657-7203
      View Details
    • Value Estimation by Request
      0.09 Acres

      1240 Belmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      1240 Belmont Ave, Chicago, IL 60657-3207
      View Details
    • Value Estimation by Request

      1333 Belmont Ave

      STORE, RETAIL OUTLET
      1333 Belmont Ave, Chicago, IL 60657-5785
      View Details
    • Value Estimation by Request
      0.64 Acres

      3300 Ashland Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.64 Acres
      3300 Ashland Ave, Chicago, IL 60657-2109
      View Details
    • Value Estimation
      $4,295,000
      34,200 SF

      3129 Lincoln Ave

      STORE, RETAIL OUTLET • 34,200 SF
      3129 Lincoln Ave, Chicago, IL 60657
      View Details
    • Value Estimation
      $700,000
      5,000 SF

      3042 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      3042 Lincoln Ave, Chicago, IL 60657
      View Details

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      East Lakeview Retail Space Available

      881 SF retail space in vibrant East Lakeview neighborhood.
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    • $818,000
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      Lakeview Retail Condo Investment

      Prime Lakeview storefront, 6.31% cap rate.
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    • $245,000
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      Lakeview Commercial Condo For Lease

      1,200 Sq Ft commercial condo in Chicago's Lakeview neighborhood.
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    Similar Nearby for Lease

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      1,225 SF

      Luxury Building Retail Space Available

      Retail space in new luxury building near Belmont station.
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    • $27 SF/Yr
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      Turnkey Retail/Office Space Available

      1,290 SF retail/office space in a high-visibility location.
      2040 W Belmont Ave, Chicago, IL 60657
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    • Contact for pricing
      3,707 SF

      Prime Retail/Medical Space Available

      3,707 SF endcap near Whole Foods, high traffic area.
      1525 W Belmont Ave, Chicago, IL 60657
      View Details
    • New
      Contact for pricing

      Chicago Retail Space on Lincoln

      Prime retail space in Lakeview, customizable for various businesses.
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      3,492 SF

      Retail Space Available For Lease

      Retail space available for lease in Chicago, Illinois.
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    • Contact for pricing
      1,500 SF

      Retail Space in Chicago Hub

      Vibrant retail space in a bustling Chicago intersection.
      2827-2829 N Clark St, Chicago, IL 60657
      View Details
    View Listing
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    1525 W Belmont Ave
    Chicago, IL 60657
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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