1613 Belmont AveChicago, IL 60657

Property Details for 1613 Belmont Ave

Year built

1934

Lot size

0.11 AC

Property size (Sq ft)

4,300 SF

Property type

Retail space

APN

14-30-204-063

APU

1430204063

Description

This exceptional 1,483 square foot retail space is ideally situated at 1613 W Belmont Avenue in Chicago, Illinois, within Cook County. The property boasts a single-tenant occupancy, making it perfect for a variety of businesses. The building features five stories, offering ample potential for expansion or unique design elements. The space is currently entirely vacant, presenting a blank canvas for your business vision. Power is readily available with a 201-600 amp service. The property is zoned B3-3, allowing for a wide range of commercial uses, subject to city approvals. This prime location in the vibrant Chicago neighborhood offers excellent visibility and accessibility, ensuring high foot traffic and potential for significant customer engagement. The property's address is 1613 W Belmont Ave, Chicago, IL 60657. Its convenient location provides easy access to major transportation routes and a diverse customer base. This is a rare opportunity to secure a well-located, sizable retail space in a thriving Chicago market. The total building square footage is 1,483 square feet, all of which is currently available for lease. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,031,389

  6.5%

  $1,875,128

  7%

  $1,741,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,411,389

  Geo Method

  $1,411,389

• Alternative Use

  Use

  Valuation

  Residential

  $1,581,741

  Hospitality

  $1,448,866

  Educational

  $1,205,440

  Medical

  $1,246,897

  Retail

  $1,875,128

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9394

Longitude

-87.6693

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].