3525 W Belmont Ave, Chicago, IL — Sale in Chicago, IL

  • Price: $215K
  • Listing type: For sale
  • Asset type: Business
  • Location: Chicago, IL 60618
  • Size: 650 SF
  • Year built: 1970

Investment Figures

Price per square foot
$331
Price per unit
$107,500 across 2 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

FOR SALE | PRIME RETAIL CONDOMINIUMS 3523 & 3525 W Belmont Ave, Chicago, IL 60618 Avondale | Belmont & Kimball Corridor KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor. Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy. PROPERTY OVERVIEW Total Retail Size: ±1,400 SF (±700 SF each unit) Zoning: C1-1 (Neighborhood Commercial District) Configuration: Two individual retail condominiums Building: 14-unit mixed-use (residential over retail) HVAC: Separate, in-unit systems for each space Ownership Structure: Condo ownership (low maintenance, efficient operations) INVESTMENT HIGHLIGHTS Owner-User Opportunity (Vacant Unit) 3525 W Belmont Ave delivered vacant - Ideal for owner-occupiers, boutique retailers, service users, or office users - Ability to offset occupancy costs with income from adjacent leased unit - Brand new buildout In-Place Income (Stabilized Unit) - 3523 W Belmont Ave occupied by an established tenant - Provides immediate cash flow with upside potential - Ideal structure for live/work investors or passive ownership - Month-to-month lease structure; tenant may sign long lease LOCATION ADVANTAGES - High-Exposure Belmont Corridor - Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic - Estimated 17,000+ vehicles per day - Excellent storefront visibility and signage potential Steps from Belmont & Kimball Intersection Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including: - Walgreens - ALDI - Dunkin’ - Subway - Five Below - T.J. Maxx - Ba

Market Context

This commercial property in Chicago, IL is listed for sale at $215,000 across 650 SF ($331/SF). The building dates to 1970. It has been on the market for 71 days. Compare it against other commercial property listings for sale in Chicago, IL — view the full market.

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