This listing is under contract.

1423 W. Belmont Ave., Chicago, IL, 60647

1423 W. Belmont Ave. Chicago, IL 60647

1423 W. Belmont Ave., Chicago, IL, 60647
1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647 1423 W. Belmont Ave., Chicago, IL, 60647
UNDER CONTRACT FOR SALE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Oct 16, 2024

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Highlights

  • - Modern 950 SF retail building
  • - Built in 2008 for contemporary appeal
  • - Zoned B3-2 for versatile retail/commercial use
  • - Strategic location in the Chicago area
  • - High visibility for retail presence
  • - Flexible layout for diverse retail concepts
  • - Well-suited for street retail investors

Description

Presenting an exceptional retail investment opportunity in the heart of Chicago, this 950 SF building, zoned B3-2, offers significant potential for retail/ street retail investors. Built in 2008, the property exudes modernity, featuring a contemporary design and layout conducive to a wide range of retail concepts. The strategically zoned B3-2 designation allows for versatile retail and commercial utilization, providing ample flexibility for investors looking to maximize the property's potential. With its prime location in the Chicago area, the property ensures high visibility and accessibility, making it an ideal choice for retail investors seeking to establish a strong presence in a bustling urban environment. Parking available for $10,000.

West Belmont Avenue & North Southport Avenue


Year Built: 2008
Building Size: 950sq ft
Lot Size: 0 acres


Documents

JCOMM_MP_1423WBelmont.pdf
JCOMM_1423WBelmont_Flyer.pdf

Map of 1423 W. Belmont Ave., Chicago, IL, 60647

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.