Wide variety of retail operators in the neighborhood
Open to any potential retail or office use
Strong pedestrian and vehicular traffic
Description
Two spaces available. 5605 W Belmont is 1,500 SF and currently a jewelry store. 5607 W Belmont is 3,500 SF of vacant space ideal for either any retail and/or office use. Located on heavily traveled Belmont Ave. Ownership is flexible and will consider any potential use for a strong tenant.
Belmont Cragin is located on the northwest side of the city and eight miles northwest of The Loop. The community area comprises four neighborhoods, including Belmont Central, Brickyard, Cragin and Hanson Park. The area has long been known as an intergenerational, family-oriented community with thriving small businesses, beautiful parks, independent theaters and local restaurants. Today, the area is fast becoming a hub for Chicago's creative community.
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.
