Chicago IL Commercial for Sale
$1,195,000
1622 W Belmont Avenue Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- 2,680
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1959
- Baths:
- MLS#:
- 12154906
View additional info
Courtesy: Compass
312-319-1168
ADDITIONAL INFORMATION
Prime real estate for sale with multiple options for future owner. Currently leased at 6.5 CAP NNN where landlord is only responsible for structure. The tenant, Flagship, is in a lease effective through December of 2025 at below market rent of 6,500, which can be increased with a new tenant to projected market rate of 40-45/sqft which increases rent rate to 8,933/mo NNN rent or 9 CAP rate. This property is perfect opportunity for owner operator looking to launch a bar or restaurant concept, investor looking to increase rent to market rate with a new tenant or a developer looking to take advantage of the desirable B1-3 zoning and a 3.0 FAR, which allows you to build a 9,744 Sf building. This free standing building offers 2,680 sf of fully turn-key restaurant space recently renovated. Black iron with 12' hood is in place. Walk-in cooler installed. Additional garage storage. Kitchen design is incredibly efficient and can accommodate any concept - from fast casual to fine dining. Hard to beat location, offering incredible visibility along one of Chicago's premier corridors. Reach out to listing broker for list of available FF&E being offered for sale by current tenant. Long running Tavern with full kitchen and in Lakeview just west of the 6 Corner Intersection of Belmont / Lincoln / Ashland. Retail Food Licenses, with a Sidewalk Cafe' Permit. Two sets of 10 tap handles on the very long bar. A retrofitted rear garage contains the refrigerated Glycol Draft System and all inventory. 2,680 SF. Internal Occupancy: 175 persons standing OR 145 persons seated; Sidewalk Permit 10-15 persons seated. 13+ feet of ceiling height. Assignable lease with options. Proof of Funds is Required Prior to Scheduling a Showing. DO NOT DISTURB EMPLOYEES
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1893
- Baths:
- MLS#:
- 12153219
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Courtesy: Essex 312, LLC
773-570-0318
ADDITIONAL INFORMATION
Prime investment opportunity in Lakeview, situated just off the Southport Corridor. This mixed-use property features three units: one versatile retail space currently vacant and perfect for an owner-user, plus two spacious apartments with high ceilings that are currently combined but can be reconfigured into two units. The building boasts individual HVAC systems installed within the last decade, a new sump pump in 2023, and in-unit laundry for convenience. A 2010 rehab preserved its charming vintage false front with tuckpointing, caulking, rot-resistant materials, and fresh paint, while the garage roof was updated in 2019. This property includes a large two-car garage and an additional exterior parking space, offering flexibility and potential. Whether you're looking to rehab or redevelop, this property, sold AS-IS, offers immense upside in a prime location.
$2,250,000
3219 N Clark Street Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- 5,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 12139844
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
The property is located at 3219 N. Clark Street in the Lake View neighborhood of Chicago, IL. This retail space boasts a gross leasable area (GLA) of 6,992 square feet. Originally built in 1925, the building is classified as a Class C property. It is currently occupied by Blum Animal Hospital. Financial Summary The purchase price for this property is $2,250,000. The current base rent is $16,897 per month, which equates to $29.00 per square foot. In 2025, the base rental amount is scheduled to increase to $18,063 per month, or $31.00 per square foot. The current lease expiration date is 12/31/2027. This property is offered as a Triple Net Lease (NNN), ensuring that the tenant is responsible for property taxes, insurance, and maintenance costs. Lease Details The lease commenced on January 1, 2006, and ends on December 31, 2025. An amendment extends the lease for 24 months, from January 1, 2026, to December 31, 2027. During the extended term, the base rent will be $18,062.66 per month. Tenant Information Blum Animal Hospital, operating under VCA Animal Hospitals Inc., is the current tenant. VCA Animal Hospitals Inc. is a leading provider of pet health care services in the U.S., with a network of over 1,000 animal hospitals. They are known for their high standards of care, innovative treatment options, and commitment to pet health and wellness. The presence of such a reputable and stable tenant adds significant value and security to the investment. Location and Market Overview Located in the vibrant and affluent Lake View neighborhood of Chicago, the property benefits from a prime location known for its shopping, dining, and cultural attractions. It is well-served by public transportation, situated in a high-traffic area with strong pedestrian visibility. The local economy is robust, with a mix of residential, retail, and commercial properties, contributing to stable property values and rental income. Investment Highlights The property offers stable cash flow due to its long-term tenant, Blum Animal Hospital, providing consistent rental income with scheduled increases. The triple net lease structure minimizes the landlord's operational expenses. The prime location in Lake View attracts both residents and businesses, ensuring high demand and occupancy rates. Scheduled rent increases enhance the investment's return potential, and the presence of VCA Animal Hospitals Inc., a reputable national chain, adds security and stability. The retail property at 3219 N. Clark Street presents a compelling investment opportunity, combining stable cash flow, a reputable long-term tenant, and a prime location in Lake View, Chicago. The triple net lease structure reduces operational responsibilities, making this an attractive option for investors seeking a low-maintenance, income-generating asset.
$1,375,000
1150 W Belmont Avenue Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1915
- Baths:
- MLS#:
- 12124178
View additional info
Courtesy: Catherine R Cannon
773-559-6126
ADDITIONAL INFORMATION
Great investment opportunity..... Ideally located in the heart of Lakeview. The building has two retail spaces on the first floor and two apartments above with separate utilities and large yard in the rear. High traffic area, lots of foot -traffic and near the CTA, "EL" , Whole Foods and loads more.
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1969
- Baths:
- MLS#:
- 12109004
View additional info
Courtesy: Sheehan Real Estate
773-368-1977
ADDITIONAL INFORMATION
Significant investment opportunity ideally located in Heart of Lakeview. Situated just steps from a countless number of national big box retailers and local hot spots this mixed-use property is ideal for investors and end users alike. The immediate location is an A+, high traffic area, ideal for foot traffic, signage & advertising. The property consists of a 2000ft commercial storefront with multiple office areas, 2 bathrooms, a kitchen space and a finish lower lvl. The upper floor floors consist of two Newly Renovated 3 bed/2bath rental units with access to private outdoor space. The 2 car attached garage is located on-site in the rear of the building with an oversized door for extra large vehicles. Amazing opportunity!
- Type:
- Condo
- Sq.Ft.:
- 1,100
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2001
- Baths:
- MLS#:
- 12102798
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Courtesy: Dream Town Real Estate
773-326-6500
ADDITIONAL INFORMATION
Location, Location, Location! 1st floor commercial condo situated on Belmont Avenue in Lakeview in a high traffic area. 1100 square feet of space. Currently outfitted for a nail salon that has been in business for over 20 years. Has water at all stations with 1 bathroom. Low monthly assessment at $99.35. Easy access to L and Belmont bus lines. Property is zoned B3-2.
$1,295,000
2827 N Lincoln Avenue Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1897
- Baths:
- MLS#:
- 12098672
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Courtesy: Slack Realty Group
708-218-6400
ADDITIONAL INFORMATION
Very well maintained three story mixed-use building on busy Chicago street in Lake View. Building owner occupies first and will vacate prior to closing. Second and third floor apartments are currently leased to tenants. Main level is SPRAWLING, with foyer, three large rooms, and 1 car attached garage with additional storage space and separate office space. Two half-baths on main level. Second level has 2 bedrooms 2 bathrooms with additional office space and huge living room. Kitchen and one bathroom were completely remodeled in 2018. Bedroom with en suite bathroom also has a walk in closet with stackable laundry machines. Step up to the third floor that has one bedroom, one bathroom, living area, kitchen, and desk area. All-in-one laundry machine is in bathroom. Garage is ready for new owner to put a rooftop deck on for added space for outdoor meetings or for tenants to entertain. Rooftop has solar panels (free and clear, not leased) and powers main level (panels provide approximately $250 in electric per month). Check out the floor plans to see just how much space this building has to offer!
- Type:
- Other
- Sq.Ft.:
- 2,902
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2007
- Baths:
- MLS#:
- 12089082
View additional info
Courtesy: Compass
312-733-7201
ADDITIONAL INFORMATION
Corner location on high traffic Belmont Avenue in the Lakeview neighborhood with 54.75' frontage. 2902 Sq ft of office space fully built out commercial condo. Currently set up with a waiting area, receptionist desk, 8 private offices, large conference room, two work cubicles, lounge/kitchenette, two bathrooms and copy room. 10'-11' ceiling heights. Radiant heated floors and Central air. The property is zoned B3-2. Close access to L and Belmont bus lines. Great location for office, retail, medical, etc.
$2,600,000
2831 N Clark Street Chicago, IL 60657
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1909
- Baths:
- MLS#:
- 11888306
View additional info
Courtesy: Cane Realty LLC
847-370-5402
ADDITIONAL INFORMATION
The Property is built out with one (1) ground floor retail tenant and six (6) apartment units- two (2) 2 bed / 1 bath apartments, and four (4) studio apartments. The Property's retail tenant, Fox Training Facility, operates on a net lease, reimbursing 67% of the real estate taxes and 48% of the operating expenses, with annual rental escalations. The apartments were renovated in 2021 and feature brand new kitchen appliances, in-unit laundry, updated bathrooms, and a shared rear deck. e Property's retail tenant, Fox Training Facility, operates on a net lease, reimbursing 67% of the real estate taxes and 48% of the operating expenses, with annual rental escalations.
- Type:
- Condo
- Sq.Ft.:
- 9,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2004
- Baths:
- MLS#:
- 12064439
View additional info
Courtesy: Real Broker LLC
217-960-8605
ADDITIONAL INFORMATION
This commercial condo, situated in the vibrant Lakeview neighborhood of Chicago, is conveniently located near the bustling Belmont/Ashland six-corner shopping center district. Boasting excellent walkability and visibility for your business, the approximately 2400 square feet space features five private offices, a conference room, a kitchenette, and two powder rooms. The interior showcases maple hardwood floors and carpeting, complemented by zoned HVAC for comfort. Additionally, it provides the convenience of a one-car attached garage and an outdoor parking space. The landlord, who leased the property over 13 years ago, pays $5,000 in taxes annually. HOA fees, water, internet, gas, and property taxes amount to $800 a quarter, while the tenant is responsible for utilities. The current tenant, who is not looking to renew, will be leaving on March 31, 2025. This unique space presents a rare opportunity for your business endeavors.
$2,125,000
3472 N Clark Street Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1911
- Baths:
- MLS#:
- 12046626
View additional info
Courtesy: Berkshire Hathaway HomeServices Chicago
312-944-8900
ADDITIONAL INFORMATION
HEART OF WRIGLEYVILLE! Fantastic investment opportunity. 7.9% cap rate! High visibility storefront is currently Lucky Sandwich Company and bar featuring a full commercial kitchen and full basement with a current lease of $6500 (modified gross) per month. 4 nicely renovated and easy to lease apartments on levels 2 and 3. One 3 bedroom and three 2 bedroom apartments with leases as follows: 2F $1770 2R$2305 3F $1870 3R $2250 ALSO, four outdoor parking spaces rented through spot hero for an average of $1500/ month. All units pay their own (gas forced) heat and electricity. A true blue chip property in Chicago's favorite neighborhood!
$1,449,000
1201 W Roscoe Street Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- 4,700
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1940
- Baths:
- MLS#:
- 12032059
View additional info
Courtesy: @properties Commercial
312-506-0200
ADDITIONAL INFORMATION
Fully lease 4-unit mixed use building with coffee shop on long term lease in both retail level units and 2 residential units on the 2nd floor with shared outdoor / deck space (One 1 bed/1bath and One 2 bed / 1 bath with laundry). Solid NOI and newly rehabbed retail level. Located in a great high-density neighborhood. Close to strong retail areas and within a few blocks of public transportation.
$1,650,000
3542 N Halsted Street Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- 3,075
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1903
- Baths:
- MLS#:
- 12021077
View additional info
Courtesy: @properties Christie's International Real Estate
773-432-0200
ADDITIONAL INFORMATION
Rare opportunity to own a great income producing mixed use building, close to Wrigleyville in Lakeview & Halsted just south of Addison. There are long term tenants for the commercial space( Diva Restaurant) with full basement and the second floor apartment. (Restaurant tenant pays 60% of water bill plus all utility bills). The second and the third floor apartments each feature 3 bedrooms/2 baths. (Tenants pay electricity, gas and internet). New upgraded unit on the third floor: freshly painted, kitchens with granite countertops, stainless steel appliances, kitchen island, large formal dining & living and office areas with skylights, central heat/ac, huge back section for in unit washer/dryer side by side, primary bedroom suite; Close to Whole Foods, Wrigley Field, Restaurants and Entertainment Centers. The third floor tenants moved in December 1st, 2022.
- Type:
- Other
- Sq.Ft.:
- 1,200
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2002
- Baths:
- MLS#:
- 12014069
View additional info
Courtesy: Compass
773-482-1917
ADDITIONAL INFORMATION
Prime 1200 sq. foot space available for lease or for sale in a highly sought-after location near Belmont/Lincoln/Ashland. This versatile space, previously used as a nail salon, offers an ideal opportunity for businesses seeking a strategic location with ample foot traffic. Whether it's for an office, nail salon, or spa, this space provides a blank canvas for entrepreneurs to bring their vision to life. Don't miss the chance to establish your business in this bustling area
$2,600,000
3020 N Ashland Avenue Chicago, IL 60657
- Type:
- Other
- Sq.Ft.:
- 4,300
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1985
- Baths:
- MLS#:
- 11985336
View additional info
Courtesy: @properties Commercial
312-506-0200
ADDITIONAL INFORMATION
Incredibility opportunity for Quick Service Restaurant operators. Purchase or Lease a former Boston Market location with a drive-thru in the heart of Chicago's Lakeview neighborhood. 4,300sf of restaurant space sitting on a 10,000sf out lot. Located just south of the five-corner intersection of Lincoln Ave, Belmont Ave, and Ashland, offering outstanding traffic counts and visibility. Conveniently located with easy access for both local residents and passersby, this property promises to be a magnet for customers seeking a well-positioned and accessible establishment
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2023
- Baths:
- MLS#:
- 11954973
View additional info
Courtesy: Jameson Sotheby's Intl Realty
312-751-0300
ADDITIONAL INFORMATION
NEW CONSTRUCTION FIRST FLOOR COMMERCIAL/RETAIL STOREFRONT IN THE LINCOLN AVE CORRIDOR (LAKEVIEW). THIS COMMERCIAL CONDO IS APPROX 800 SF WITH AN OPEN LAYOUT, 12' CEILING HEIGHT AND FLOOR TO CEILING WINDOWS. WILL BE DELIVERED AS A VANILLA BOX WITH WORKING BATH. HIGH TRAFFIC AREA WITH EXCELLENT STREET PARKING. LUXURY RESIDENTIAL CONDOS ABOVE THE UNIT.
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Chicago Real Estate
The median home value in Chicago, IL is $223,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Chicago, IL is $223,000. Approximately 38.87% of Chicago homes are owned, compared to 48.34% rented, while 12.79% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60657 has a population of 2,722,586. Chicago 60657 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Chicago, Illinois 60657 is $52,497. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Chicago 60657 is 34.1 years.
Chicago Weather
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.1 inches of snow per year.