1342 W Belmont Ave

Investment Overview

This 6.31% CAP, 2,400 SF retail condo with one parking spot is located in the heart of Lakeview, one of the city's most sought-after neighborhoods. Fully gut rehabbed in 2019, a 5 year lease has been just renewed. This unit boasts a prime location situated at W Belmont Ave & N Southport Ave, just a couple of blocks away from the famous Lakeview 6 corners. It is a 7-minute walk to the train station (Red Line, Purple Line, and Brown Line). Surrounded by ample residential properties, many famous local restaurants, and grocery stores. Featuring a spacious interior, nice white tiles on the floor, and other new finishes, this space is perfect for any retail use, including message business, hair salon, boba tea shops, coffee shops, offices, and more. The high foot traffic location and prime storefront visibility ensure that any business operating here will enjoy a steady stream of customers year-round.

Investment Highlights

• Tenant just renewed a 5-year lease.
• Newly rehabbed space with high quality finishes, one parking included.
• Rare opportunity to own a 6.31% cap, prime retail condo in the heart of an affluent neibourhood.
• Open layout can suit for various business like restaurants, boba tea shops, coffee shops, medical offices, message stores and nails stores etc.