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U.S. Bank - Chicago, IL 5850 W Belmont Ave 13,300 SF Retail Building Chicago, IL 60634 $3,200,000 ($240.60/SF)

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INVESTMENT HIGHLIGHTS

  • Various redevelopment opportunities
  • Adjacent to St. Pats High school
  • Excellent exposure along Belmont Ave.

EXECUTIVE SUMMARY

Priced to sell! Massive price cut - Troy Realty is offering this existing office building available for sale. The building itself is situated on a spacious 1.33-acre site, this property boasts a 13,330 sq. ft. office building ripe for transformation. The building features a full lower level (not included in SF). Whether you're considering renovating the existing building, or looking for a prime development site, this property is primed for growth. Ownership is also entertaining build to suit and ground lease concepts.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
Build to Suit
Property Type
Retail
Property Subtype
Bank
Building Size
13,300 SF
Building Class
B
Year Built
1974
Price
$3,200,000
Price Per SF
$240.60
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.32 AC
Zoning
B3-1 - Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 districts. Apartment
Parking
49 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
455’ on Belmont

AMENITIES

  • Banking
  • Bus Line
  • Signage
  • Drive Thru

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,000-13,300 SF
  • Retail
  • -
  • Now

This property currently has one freestanding 13,330 sq. ft. office building occupied by US Bank expiring December 31, 2022. Troy Realty is please to present this redevelopment opportunity of the 57,727 sq. ft. site the building is currently situated on. There is an opportunity of a potential assemblage play as well with the hard corner, stoplight intersection of Belmont & Menard Marathon Gas Station would would amount to roughly 1.7 Acres of land. *Also interested in build to suit or groundlease proposals/opportunities or entertaining proposals to utilize the existing building 13,300 RSF. BTS: Three, potentially four free standing retail pad sites. Assemblage: Adjacent Marathon gas station located on corner of Belmont and Menard - Available for sale. See listing for 5800 Belmont Avenue. Inquire within - Do not disturb Bank or Gas Station as they are both currently operating businesses.

Space Size Space Use Position Available
1st Floor 1,000-13,300 SF Retail - Now

1st Floor

Size
1,000-13,300 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,000-13,300 SF
Space Use Retail
Position -
Available Now

This property currently has one freestanding 13,330 sq. ft. office building occupied by US Bank expiring December 31, 2022. Troy Realty is please to present this redevelopment opportunity of the 57,727 sq. ft. site the building is currently situated on. There is an opportunity of a potential assemblage play as well with the hard corner, stoplight intersection of Belmont & Menard Marathon Gas Station would would amount to roughly 1.7 Acres of land. *Also interested in build to suit or groundlease proposals/opportunities or entertaining proposals to utilize the existing building 13,300 RSF. BTS: Three, potentially four free standing retail pad sites. Assemblage: Adjacent Marathon gas station located on corner of Belmont and Menard - Available for sale. See listing for 5800 Belmont Avenue. Inquire within - Do not disturb Bank or Gas Station as they are both currently operating businesses.

Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Planet Fitness
U.S. Bank
PNC Bank
Chase Bank
Citi
Giordano's
Cermak Fresh Market
Fifth Third Bank
Crossfit
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-20-431-032-0000
  • 13-20-431-033-0000
  • 13-20-431-031-0000
  • 13-20-431-030-0000
Land Assessment
$361,319
Improvements Assessment
$290,932
Total Assessment
$652,251
  • Listing ID: 31341881

  • Date on Market: 3/27/2024

  • Last Updated:

  • Address: 5850 W Belmont Ave, Chicago, IL 60634

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