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1342 W Belmont Ave 2,400 SF Retail Condo Unit Offered at $1,137,241 CAD in Chicago, IL 60657
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.
Data Room Click Here to Access
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Cap Rate | 6.31% |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| 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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,400 SF | Retail | $1,137,241 CAD ($473.85 CAD/SF) | $71,783.81 CAD |
Unit 1
| Unit Size |
| 2,400 SF |
| Condo Use |
| Retail |
| Price |
| $1,137,241 CAD ($473.85 CAD/SF) |
| NOI |
| $71,783.81 CAD |
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Unit 1
| Unit Size | 2,400 SF |
| Condo Use | Retail |
| Price | $1,137,241 CAD ($473.85 CAD/SF) |
| NOI | $71,783.81 CAD |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| 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.</li></ul> | |
| 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.<br> <br> 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Signage
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| VIP Nail Spa |
99,999 SF SF
|
Jan 0000
|
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1342 W Belmont Ave
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