Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

960 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1342 W Belmont Ave

2,400 SF Retail Unit Offered at £642,123 in Chicago, IL 60657

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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

Price	£642,123	Building Class	C
Unit Size	2,400 SF	Number of Floors	1
No. Units	1	Typical Floor Size	2,400 SF
Total Building Size	2,400 SF	Year Built	1968
Property Type	Office (Unit)	Tenancy	Single
Property Subtype	Office/Residential General Retail Storefront Retail/Office	Lot Size	0.13 AC
Sale Type	Investment	Parking Ratio	0.41/1,000 SF

Price	£642,123
Unit Size	2,400 SF
No. Units	1
Total Building Size	2,400 SF
Property Type	Office (Unit)
Property Subtype	Office/Residential General Retail Storefront Retail/Office
Sale Type	Investment
Building Class	C
Number of 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

1 Unit Available

Unit 1

Unit Size	2,400 SF	Sale Type	Investment
Price	£642,123	Net Initial Yield	6.31%
Price Per SF	£267.55	NOI	£40,531.44
Unit Use	Retail	No. Parking Spaces	1

Unit Size	2,400 SF
Price	£642,123
Price Per SF	£267.55
Unit Use	Retail
Sale Type	Investment
Net Initial Yield	6.31%
NOI	£40,531.44
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.