Pleased to offer the opportunity to purchase 3523 & 3525 W Belmont Ave, Chicago, two rehabbed retail stores within a professionally managed, fourteen-unit, mixed-use building, in Avondale, Chicago. Strategically located at the corners of Belmont Ave. and Drake St, it is zoned C1-1, an ideal zone for diverse commercial establishments. The retail spaces boast a combined square footage of 1,400 SF, with an average footprint of 700 SF each. Both units are currently leased, with one housing a long-standing tenant on a month-to-month arrangement, were your goal to be to use one of the retail spaces, but expressing a keen interest in signing a long-term lease. The second retail space has recently secured a true long-standing lease at market rents, ensuring stable income for the new owner. Each retail storefront is equipped with tis own individual in-unit HVAC system, ensuring dedicated climate control of both hot and cold air for each retail storefront. Positioned just two blocks from the CTA Belmont Blue Line Stop and a minute away from the Kennedy Expressway (I-90/94), the property enjoys a high-traffic location. The surrounding area features renowned national credit tenants like Walgreens, Aldi, Dunkin, Subway, Five Below, T.J. Maxx, Shell Gas, and Bank of America, contributing to an Average Daily Traffic of 17,500 vehicles. With a walking score of 90 on Belmont Ave., ample non-metered street parking, and proximity to major transit hubs, these commercial storefronts present an attractive investment opportunity in a thriving submarket on the Northside of Chicago. Unit photos shown are from before leasing the second storefront.
Details
MLS#
11968456
Listing Type
For Sale
Style
Retail
Sub-Type
Resale
Status
Active
Year
2012
Days On Site
359
Listing Provided By
Keller Williams ONEChicago | Manuel Torrejon-Regalado
Features
SQ Feet
1,400
Story(s)
1
Units
2
Market Activity 60618
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Dec 2024
Sales: 6
Avg $ Per SqFt: $330.24
Min Sale Price: $247,000
Max Sale Price: $790,000
Med Sale Price: $560,000
Date: Nov 2024
Sales: 23
Avg $ Per SqFt: $286.35
Min Sale Price: $193,000
Max Sale Price: $1,950,000
Med Sale Price: $592,000
Date: Oct 2024
Sales: 32
Avg $ Per SqFt: $306.21
Min Sale Price: $197,000
Max Sale Price: $2,185,000
Med Sale Price: $512,500
Date: Sep 2024
Sales: 27
Avg $ Per SqFt: $310.47
Min Sale Price: $163,000
Max Sale Price: $2,814,500
Med Sale Price: $590,000
Date: Aug 2024
Sales: 10
Avg $ Per SqFt: $276.5
Min Sale Price: $45,000
Max Sale Price: $1,480,000
Med Sale Price: $467,500
Date: Jul 2024
Sales: 6
Avg $ Per SqFt: $276.16
Min Sale Price: $425,000
Max Sale Price: $835,000
Med Sale Price: $631,000
Date: Jun 2024
Sales: 6
Avg $ Per SqFt: $353.57
Min Sale Price: $499,000
Max Sale Price: $1,640,000
Med Sale Price: $564,000
Date: May 2024
Sales: 2
Avg $ Per SqFt: $287.5
Min Sale Price: $550,000
Max Sale Price: $1,150,000
Med Sale Price: $850,000
Date: Apr 2024
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $460,000
Max Sale Price: $460,000
Med Sale Price: $460,000
Date: Mar 2024
Sales: 3
Avg $ Per SqFt: $
Min Sale Price: $650,000
Max Sale Price: $1,070,000
Med Sale Price: $825,000
Date: Feb 2024
Sales: 2
Avg $ Per SqFt: $237.48
Min Sale Price: $370,000
Max Sale Price: $410,000
Med Sale Price: $390,000
Date: Jan 2024
Sales: 1
Avg $ Per SqFt: $322.92
Min Sale Price: $387,500
Max Sale Price: $387,500
Med Sale Price: $387,500
Sourced by Back At You
Dec 2024
Sales:
6
Avg $ Per SqFt:
$330.24
Min Sale Price:
$247,000
Max Sale Price:
$790,000
Med Sale Price:
$560,000
Nov 2024
Sales:
23
Avg $ Per SqFt:
$286.35
Min Sale Price:
$193,000
Max Sale Price:
$1,950,000
Med Sale Price:
$592,000
Oct 2024
Sales:
32
Avg $ Per SqFt:
$306.21
Min Sale Price:
$197,000
Max Sale Price:
$2,185,000
Med Sale Price:
$512,500
Sep 2024
Sales:
27
Avg $ Per SqFt:
$310.47
Min Sale Price:
$163,000
Max Sale Price:
$2,814,500
Med Sale Price:
$590,000
Aug 2024
Sales:
10
Avg $ Per SqFt:
$276.5
Min Sale Price:
$45,000
Max Sale Price:
$1,480,000
Med Sale Price:
$467,500
Jul 2024
Sales:
6
Avg $ Per SqFt:
$276.16
Min Sale Price:
$425,000
Max Sale Price:
$835,000
Med Sale Price:
$631,000
Jun 2024
Sales:
6
Avg $ Per SqFt:
$353.57
Min Sale Price:
$499,000
Max Sale Price:
$1,640,000
Med Sale Price:
$564,000
May 2024
Sales:
2
Avg $ Per SqFt:
$287.5
Min Sale Price:
$550,000
Max Sale Price:
$1,150,000
Med Sale Price:
$850,000
Apr 2024
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$460,000
Max Sale Price:
$460,000
Med Sale Price:
$460,000
Mar 2024
Sales:
3
Avg $ Per SqFt:
$
Min Sale Price:
$650,000
Max Sale Price:
$1,070,000
Med Sale Price:
$825,000
Feb 2024
Sales:
2
Avg $ Per SqFt:
$237.48
Min Sale Price:
$370,000
Max Sale Price:
$410,000
Med Sale Price:
$390,000
Jan 2024
Sales:
1
Avg $ Per SqFt:
$322.92
Min Sale Price:
$387,500
Max Sale Price:
$387,500
Med Sale Price:
$387,500
MLS Number: 11968456
Manuel Torrejon-Regalado – (312) 730-2029 – mregalado@kwcommercial.com
Keller Williams ONEChicago – (312) 216-2422
The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MRED. All Rights Reserved.
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MLS Number: 11968456
Manuel Torrejon-Regalado – (312) 730-2029 – mregalado@kwcommercial.com
