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2311 W Belmont Ave 0.07 Acres of Commercial Land Offered at $859,000 in Chicago, IL 60618
Investment Highlights
- Property ideal for a wide range of buyers inclusive of developers, owner-users and car collectors.
- Surrounded by luxury single-family and multi- unit residential housing and continued new development.
- Located only blocks from multiple parks, including Hamlin Park and Fellger (Charles) Park.
- Existing curb cut on Belmont Avenue, maximizing flexibility for optimal building footprint design and utilization.
- Within the highly sought-after CPS school districts inclusive of Jahn Elementary School and Lake View High School and walking distance to Lane Tech
- Excellent Belmont Avenue street frontage with strong sub-market co-tenants including Chipotle, Starbucks, Orange Theory Fitness, Wild Fork Foods etc.
Executive Summary
This property is a rarely available development opportunity along Belmont Avenue in Lakeview, featuring in-place B3-1 zoning that permits 1.2 FAR density with the potential to be up-zoned. The site includes an existing curb cut to maximize building footprint design and is ideal for developers, owner-users, or car collectors. It is situated within highly sought-after CPS school districts and is surrounded by luxury residential housing and new developments. As one of Chicago's most vibrant neighborhoods, Lakeview offers an exceptional blend of residential charm and commercial opportunity. The area attracts a diverse demographic and boasts robust foot traffic fueled by popular attractions and the bustling Belmont Avenue corridor.
Property Facts
| Price | $859,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.07 AC |
| Property Type | Land | ||
| Zoning | B3-1 | ||
| Price | $859,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.07 AC |
| Zoning | B3-1 |
1 Lot Available
Lot
| Price | $859,000 | Lot Size | 0.07 AC |
| Price Per AC | $11,973,794.26 |
| Price | $859,000 |
| Price Per AC | $11,973,794.26 |
| Lot Size | 0.07 AC |
Lakeview Development Site For Sale with 1.2 FAR potential
Description
Rarely available Lakeview development opportunity along Belmont Avenue with in-place B3-1 zoning permitting 1.2 FAR density, with surrounding developments throughout the submarket achieving an up-zoning to a 2.2 FAR. Easily accessible from the Belmont, Clybourn and Western Avenues intersection.
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (85)
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2311 W Belmont Ave
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