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29121654
29121653

1023-25 W Belmont Ave, Chicago, IL 60657 For Sale

MK
IL IL 471010965
Jameson Commercial Real Estate
MJ
IL 475107431
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate
$2,550,000
192 days on market
Updated 6 days ago

1023-25 W. Belmont Avenue

Details
APN 14-29-203-001-0000
Property Type Retail
Sub Type Storefront, Street Retail
Square Footage 5,500
Cap Rate 6.03%
NOI $163,399
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle Mexican Grill, Inc. (+1)
Lease Type NNN
Rent Bumps Yes
Price per SqFt $464
Year Built 1940
Buildings 1
Stories 1
Lot Size (SqFt) 5,770
Zoning B3-2
Investment Type Net Lease

Retail | 6.03% CAP | 5,500 SqFt

Marketing description

Presenting an exceptional opportunity for office building investment, the property at 1023-25 W Belmont Ave, Chicago, IL, 60657 boasts a 5,500 SF building with a prime location in the heart of Chicago. Built in 1940 and zoned B3-2, this well-maintained property offers a versatile space for office use. With its attractive features and strategic position in a dynamic commercial district, investors can capitalize on the property's potential for growth and success. Take advantage of this rare chance to establish a prominent presence in Chicago's thriving office market with this outstanding property.

Discover the vibrant neighborhood surrounding the property at 1023-25 W Belmont Ave, Chicago, IL, 60657. Situated in the heart of Lakeview, this bustling commercial district offers a mix of upscale dining, trendy boutiques, and convenient amenities. Investors will find themselves in proximity to the lively Belmont Theater District, Wrigley Field, and the beautiful Lake Michigan waterfront. With easy access to public transportation, including the Belmont CTA station, and a thriving community of professionals and residents, the area presents an attractive opportunity for office building investment. Experience the dynamic energy and endless potential of this prime Chicago location.

Investment highlights

  • Free Standing 2-tenant Building With Full Basement
  • Fully Leased
  • Anchored by Chipotle, a Long Term Tenant Since 2003
  • On Belmont Ave. Surrounded by Local & National Tenants
  • 17,700 Average Daily Traffic
  • Excellent Supporting Demographics W/I 1 Mile Radius
  • 106,353 Population
  • $173,451 Average Household Income
  • Average Age: 32.1 Yrs.
  • Renters: 63.8%
  • Easy Access to Nearby Transit Stops:
  • Belmont Station (Brown, Purple, Red Lines) - 1 Minute Walk
  • Wellington Station (Brown, Purple Lines) - 6 Minute Walk
  • Diversey Station (Brown, Purple Lines) - 11 Minute Walk Easy Access
  • Excellent Street Visibility & Abundant Street Parking

Listing Contacts

MK
IL IL 471010965
Jameson Commercial Real Estate
MJ
IL 475107431
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$163,399.00
$13,616.58/mo

Valuation Metrics

0
DSCR
6.41%
Cap Rate
6.41%
ROI

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Additional Information

Name
Mark Kishtow
License
IL 471010965
Brokerage Address
425 West North Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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