2301-2315 N Clark St
Chicago, IL 60614
Belden Centre · Multifamily Property For Sale · 61 Units

“CBRE’s National Retail Partners” are pleased to present to qualified investors the opportunity to acquire a 100% fee interest in Belden Centre, a 52,806 square foot retail center located at the lively intersection of Clark and Belden in Chicago’s premiere Lincoln Park neighborhood. The Property is currently 68% leased to a mix of sticky, e-commerce resistant tenants. The center’s anchor tenant is Guidepost Montessori, occupying 47% of the leasable GLA and representing 73% of the effective gross in-place income. In addition, Salon Lofts and the newly leased Lincoln Park Preschool, provide the center with an attractive tenant base. Belden Centre is well positioned in the heart of one of Chicago’s most affluent residential communities, Lincoln Park. Within a 3-mile radius of the property, there are 425,403 permanent residents with an average annual household income of $153,858. Located at the southeast corner of the Belden/Clark intersection is the prestigious Francis Parker Middle School. The high-income families enrolled at this school provide a built-in customer base and student body for the shopping center and the educational tenants. Belden Centre is an urban, in-fill retail investment opportunity that offers stable in-place cash flow via long term existing leases and upside through the 17,073 SF (32%) of existing vacancy.