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1342 W Belmont Ave 2,400 SF Retail Condo Unit Offered at $1,141,863 CAD in Chicago, IL 60657

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INVESTMENT HIGHLIGHTS

Tenant just renewed a 5-year lease.
Rare opportunity to own a 6.31% cap, prime retail condo in the heart of an affluent neibourhood.

Newly rehabbed space with high quality finishes, one parking included.
Open layout can suit for various business like restaurants, boba tea shops, coffee shops, medical offices, message stores and nails stores etc.

EXECUTIVE SUMMARY

This unit boasts a prime location situated at W Belmont Ave & N Southport Ave, just a couple of blocks away from the famous Lakeview 6 corners. It is a 7-minute walk to the train station (Red Line, Purple Line, and Brown Line). Surrounded by ample residential properties, many famous local restaurants, and grocery stores.

PROPERTY FACTS

Total Building Size	2,400 SF	Typical Floor Size	2,400 SF
Property Type	Office (Condo)	Year Built	1968
Property Subtype	Office/Residential General Retail Storefront Retail/Office	Tenancy	Single
Building Class	C	Lot Size	0.13 AC
Floors	1	Parking Ratio	0.41/1,000 SF
Zoning	B3-3 - B3-3

Total Building Size	2,400 SF
Property Type	Office (Condo)
Property Subtype	Office/Residential General Retail Storefront Retail/Office
Building Class	C
Floors	1
Typical Floor Size	2,400 SF
Year Built	1968
Tenancy	Single
Lot Size	0.13 AC
Parking Ratio	0.41/1,000 SF
Zoning	B3-3 - B3-3

Signage

1 UNIT AVAILABLE

Unit 1

Unit Size	2,400 SF	Sale Type	Investment
Price	$1,141,863 CAD	Cap Rate	6.31%
Price Per SF	$475.78 CAD	NOI	$72,075.54 CAD
Condo Use	Retail	No. Parking Spaces	1

Unit Size	2,400 SF
Price	$1,141,863 CAD
Price Per SF	$475.78 CAD
Condo Use	Retail
Sale Type	Investment
Cap Rate	6.31%
NOI	$72,075.54 CAD
No. Parking Spaces	1

DESCRIPTION

Featuring a spacious interior, nice white tiles on the floor, and other new finishes, this space is perfect for any retail use, including message business, hair salon, boba tea shops, coffee shops, offices, and more. The high foot traffic location and prime storefront visibility ensure that any business operating here will enjoy a steady stream of customers year-round.

SALE NOTES

This 6.31% CAP, 2,400 SF retail condo with one parking spot is located in the heart of Lakeview, one of the city's most sought-after neighborhoods. Fully gut rehabbed in 2019, a 5 year lease has been just renewed.

This unit boasts a prime location situated at W Belmont Ave & N Southport Ave, just a couple of blocks away from the famous Lakeview 6 corners. It is a 7-minute walk to the train station (Red Line, Purple Line, and Brown Line). Surrounded by ample residential properties, many famous local restaurants, and grocery stores.