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2148-2150 W Belmont Ave
Chicago, IL 60618
Retail Property For Sale
·
21,000 SF
Investment Highlights
- Located on Belmont Avenue in the Lake View neighborhood with strong foot traffic and visibility.
- Approximately 2,500 SF of ground-floor space available for tenant build-out.
- Brick and concrete construction with outdoor parking availability.
- Zoned C1-2, allowing for diverse commercial uses and potential residential or office above.
- Proximity to CTA Brown Line stations and major Chicago thoroughfares for easy access.
- Surrounded by established retail, dining, and service businesses in a dense urban setting.
Executive Summary
This mixed-use property on Belmont Avenue offers a rare opportunity in one of Chicago’s most vibrant neighborhoods. Listed at $1,349,000, the asset is positioned within the Lake View community, a high-demand area known for its strong retail corridors and dense residential base. The property sits on a 25-foot-wide lot and is zoned C1-2, allowing for a wide range of commercial uses on the ground floor with potential for residential or office above. The building features a brick and concrete structure with a flat rubber roof and a concrete perimeter foundation. Ownership includes one to five outdoor parking spaces, a valuable amenity in this urban setting. The property benefits from excellent visibility along Belmont Avenue, a major east-west thoroughfare, and is surrounded by established retail, dining, and service businesses. With proximity to major CTA Brown Line stations and easy access to downtown Chicago, this location supports both strong tenant demand and long-term appreciation potential.
Property Facts
| Total Building Size | 21,000 SF | Typical Floor Size | 10,500 SF |
| Property Type | Retail (Condo) | Year Built | 1960 |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.35 AC |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| Floors | 2 | ||
| Zoning | C1-2 - Neighborhood Commercial District Subtype 2 | ||
| Total Building Size | 21,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 10,500 SF |
| Year Built | 1960 |
| Lot Size | 0.35 AC |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | C1-2 - Neighborhood Commercial District Subtype 2 |
Amenities
- Bus Line
- Signalized Intersection
1 Unit Available
Unit 2148
| Unit Size | 2,500 SF | Sale Type | Investment or Owner User |
| Condo Use | Office/Retail |
| Unit Size | 2,500 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
Sale Notes
Available for sale or lease, this 2,500 SF ground-floor commercial space includes an additional 500 SF second-floor office and a 2,500 SF lower-level basement, offering flexible space for storage or business expansion. Located along the high-traffic Belmont Ave corridor, the property is zoned C1-2, allowing a wide range of uses including retail, bar/tavern (subject to licensing), gym, pet daycare, coffee roasting, warehouse, and other service-oriented businesses. The layout presents an excellent opportunity for a full bar or restaurant build-out, with the basement ideal for storage, prep, or operational support. The space features a separate water main and dedicated meter and is delivered vacant as a blank canvas, ready for a build-to-suit concept.
Offered at $29/SF NNN, with ownership open to negotiating tenant improvement credits and flexible lease terms. Strong visibility, dense surrounding residential population, and late-night potential make this a standout opportunity. Zoning and use subject to tenant due diligence and City approval. Strong potential for developers seeking redevelopment or adaptive reuse, including residential conversion opportunities. Schedule a showing to explore and capitalize on this highly sought-after commercial corridor.
