1457 W Belmont Ave - Storefront FOR SALE


Chicago, IL 60657- Lakeview
$2,115,000 USD
708-228-9457
1457 W Belmont Ave, Chicago, IL for Sale
$2,115,000 USD
Storefront - FOR SALE
1/14
null | 7.15% Cap Rate

1457 W Belmont Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • 6.59 years remaining on irreplaceable lakeview net-leased medical asset | Scheduled 3% annual rental increases
  • Signalized intersection of W Belmont Avenue and N Greenview Avenue (17,700 VPD)
  • Prime location near multiple top ranked stores, public transportation and the Chicago Cubs
  • Growing population in a $194K average household income area
  • Dense Population | Over 44% of units within a 0.5-mile radius have 3-9 units and over 15% of units have 10 or more units
  • Property Remodeled in 2023 | Adjacent a public parking lot with 61 spaces

OVERVIEW

This irreplaceable net-leased medical asset in Chicago’s Lakeview neighborhood features 6.59 years of term remaining with scheduled 3% annual rent increases. Fulcrum Aesthetics and Surgery is a premier plastic surgery and luxury medspa led by world-renowned surgeon Dr. David Hill, who was named one of USA Today’s Top Cosmetic Surgeons of 2024. The property is located at a signalized intersection with over 17,000 vehicles per day and benefits from exceptional connectivity, with close proximity to multiple CTA train lines and Interstate 90. The surrounding area is anchored by dominant retail and lifestyle drivers, including the most visited Whole Foods in Illinois, a top-ranked Jewel-Osco, and Wrigley Field, home of the Chicago Cubs. The asset is further supported by an extremely dense and affluent trade area, with an average household income of $194,871 within a 0.5-mile radius and 79,145 residents within a one-mile radius.

FOR SALE DETAILS

PRICE

$2,115,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fulcrum Aesthetics | Medical Office

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

14-29-101-043-0000

ASK ABOUT THIS PROPERTY

Adrian MendozaSharko | Weisenbeck | Mendoza GroupMore Info
708-228-9457

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Adrian MendozaSharko | Weisenbeck | Mendoza GroupMore Info
708-228-9457

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.