$153.57 Per Sq Foot $1,154 est/mo Sourced by Back At You

3525 W Belmont Avenue,Chicago, IL 60618

Chicago IL, 60618

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Description

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.

Details

MLS#11968456
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2012
Days On Site113
Listing Provided ByKeller Williams ONEChicago | Manuel Torrejon-Regalado

Features

SQ Feet1,400
Story(s)1
Units2

Market Activity 60618

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Listings Checked: 4 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60618
AreaCHI - Avondale
Listing VS Median (in 60618)
Price:
$215,000
low | high
Med:
$564,900
100% of Average
SqFt:
1,400
low | high
Med:
2,550
32.142857142857% of Average
$ / SqFt:
$154
low | high
Med:
$222
5.32278208441% of Average
On Site:
113
low | high
Med:
16
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
3330 N Avers Ave Property Photo 1
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Listing Updated: May 1, 2024 at 7:26:46 PM PDT