2401 W Belmont Ave
Chicago, IL 60618
SWC Belmont & Western · Land For Sale · 1.11 AC

CBRE, as exclusive advisor, is pleased to announce the opportunity to acquire 2401 West Belmont Avenue, Chicago, Illinois. (“Property” or “Site”). This 48,520 square foot site is being offered to qualified investors and developers to obtain fee simple interest in the property. Located in the Roscoe Village neighborhood, the Property sits at the intersection of Belmont, Clybourn, and Western Avenue, collectively seeing over 51,500 vehicles per day and is also just 1 mile away from I-90, with access via Belmont Avenue. The Property is steps away from Lane Tech and DePaul College Prep, with over 5,000 students in the immediate area. New retail and residential projects have recently been completed in the area including a new Wild Fork grocer kitty-corner, and a mix of luxury apartments and condos to the south on Clybourn (56 units total). The subject property presents an exceptional opportunity to join an affluent Roscoe Village Neighborhood ($194,385 Average Household Income, within 1-mile of site) and is an ideal site for a mixed-use multifamily and commercial development, or a general retail/commercial development. The large city land size allows for cost efficient vertical development (i.e. wood frame 5-story residential building), while still building a project of scale with up to 159 units with a zoning change to B2-3/4 FAR. Seller’s zoning counsels has advised that the Alderman is supportive of dense residential among other uses for the site.