Lakeview Development Site For Sale

Highlights:

• Rarely available Lakeview development opportunity along Belmont Avenue.
• In-place B3-1 zoning permitting 1.2 FAR density, with surrounding developments throughout the submarket achieving an up-zoning to a 2.2 FAR.
• Property ideal for a wide range of buyers inclusive of developers, owner-users and car collectors.
• Existing curb cut on Belmont Avenue, maximizing flexibility for optimal building footprint design and utilization.
• Surrounded by luxury single-family and multi- unit residential housing and continued new development.
• Within the highly sought-after CPS school districts inclusive of Jahn Elementary School and Lake View High School.
• Within walking distance to Lane Tech College Prep High School.
• Located only blocks from multiple parks, including Hamlin Park and Fellger (Charles) Park.
• Excellent Belmont Avenue street frontage with strong sub-market co-tenants including Chipotle, Starbucks, Orange Theory Fitness, Wild Fork Foods, Jewel-Osco, Crumbl, LA Fitness, Sinya Mediterranean, Whole Foods and more.
• Easily accessible from the Belmont, Clybourn and Western Avenues intersection.

Description:

This property is a rarely available development opportunity along Belmont Avenue in Lakeview, featuring in-place B3-1 zoning that permits 1.2 FAR density with the potential to be up-zoned. The site includes an existing curb cut to maximize building footprint design and is ideal for developers, owner-users, or car collectors. It is situated within highly sought-after CPS school districts and is surrounded by luxury residential housing and new developments. As one of Chicago's most vibrant neighborhoods, Lakeview offers an exceptional blend of residential charm and commercial opportunity. The area attracts a diverse demographic and boasts robust foot traffic fueled by popular attractions and the bustling Belmont Avenue corridor.

Lakeview is located in the city's North Side, bordered by West Diversey Parkway on the south, West Irving Park Road on the north, North Ravenswood Avenue on the west, and the shore of Lake Michigan on the east. The 2020 population of Lakeview was 103,050 residents, making it the second-largest Chicago community area by population. Lakeview includes West Lakeview and Lakeview East. In 2013, Money Magazine named Lakeview number three in its top ten big-city neighborhoods in its Best Places to Live rankings. As one of Chicago's most vibrant neighborhoods, Lakeview offers an exceptional blend of residential charm and commercial opportunity. With its proximity to Lake Michigan, scenic parks, and a dynamic dining and entertainment scene, Lakeview attracts a diverse demographic, including young professionals and families. The area boasts robust foot traffic, fueled by popular attractions like Wrigley Field and the bustling Belmont Avenue corridor.

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