1342 W Belmont AVE #1 new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60657
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $32
MLS Listing ID 12395833
Year Built 2017
Annual Tax Amount $23,161
Tax Year 2023
Lot Dimensions 48X122
Property Sub-Type Retail/Stores
Property Description
Located in the heart of affluent Lakeview, this 2,400 SF newer-construction retail space presents a rare, turnkey investment opportunity with a stable, long-term tenant operating a thriving luxury nail salon. Ideally situated at the high-traffic intersection of W Belmont Ave and N Southport Ave-just steps from the lively Southport Corridor and within walking distance of the Red, Purple, and Brown Lines-this premium ground-floor commercial condo sits beneath six upscale residential units. The space features nine expansive floor-to-ceiling storefront windows (over 30 feet of sidewalk storefront) , elegant white tile flooring, high-end modern finishes, newer mechanical systems, and a heated sidewalk. The layout includes two half bathrooms and three built-out office rooms including onsite washer and dryer. Surrounded by dense residential developments, acclaimed restaurants, and top-tier retailers, the property benefits from consistent foot traffic and high visibility. One outdoor parking space is included. The existing business plans to remain and is open to signing a negotiable 5+5 year lease, offering both immediate rental income and long-term stability. There is also an option to purchase real estate and have the current tenant vacate the premises for an additional $160,000.
Location
State IL
County Cook
Area Chi - Lake View
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 4