$215,000
3525 W Belmont Avenue
Chicago, IL, 60618
Pleased to offer the opportunity to purchase 3523 & 3525 W Belmont Ave, Chicago, two rehabbed retail stores within a professionally managed, fourteen-unit, mixed-use building, in Avondale, Chicago. Strategically located at the corners of Belmont Ave. and Drake St, it is zoned C1-1, an ideal zone for diverse commercial establishments. The retail spaces boast a combined square footage of 1,400 SF, with an average footprint of 700 SF each. Both units are currently leased, with one housing a long-standing tenant on a month-to-month arrangement, were your goal to be to use one of the retail spaces, but expressing a keen interest in signing a long-term lease. The second retail space has recently secured a true long-standing lease at market rents, ensuring stable income for the new owner. Each retail storefront is equipped with tis own individual in-unit HVAC system, ensuring dedicated climate control of both hot and cold air for each retail storefront. Positioned just two blocks from the CTA Belmont Blue Line Stop and a minute away from the Kennedy Expressway (I-90/94), the property enjoys a high-traffic location. The surrounding area features renowned national credit tenants like Walgreens, Aldi, Dunkin, Subway, Five Below, T.J. Maxx, Shell Gas, and Bank of America, contributing to an Average Daily Traffic of 17,500 vehicles. With a walking score of 90 on Belmont Ave., ample non-metered street parking, and proximity to major transit hubs, these commercial storefronts present an attractive investment opportunity in a thriving submarket on the Northside of Chicago. Unit photos shown are from before leasing the second storefront.
Property Details
Price:
$215,000
MLS #:
MRD11968456
Status:
Active
Beds:
0
Baths:
0
Address:
3525 W Belmont Avenue
Type:
Commercial
Subtype:
Condominium
City:
Chicago
Listed Date:
Jan 26, 2024
State:
IL
Finished Sq Ft:
1,400
ZIP:
60618
Year Built:
2012
Schools
Interior
Cooling
Central Air
Exterior
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2021
Taxes
$6,099
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3525 W Belmont Avenue
Chicago, IL
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