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Western & Belmont

$19,150,000

3201 North Western Avenue, Chicago, IL 60618

Active
Last Updated: 04/23/2025

6

Cap Rate

1,149,109

NOI

Details:
Cap Rate:    6%
NOI:    $1,149,109
Lot Area:    1.14 acres
Occupancy:    100%
Year Built:    2021
Tenancy:    Multiple
Highlights:
  • Brand New Construction | 10.3 Year WALT
  • Unbeatable Roscoe Village Location
  • Desirable Tenant Line-Up | Corporate Leases
  • Outstanding Retail Corridor
  • Incredible Access and Visibility
Description:

Property Description
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Western & Belmont, a recently-constructed shopping center prominently positioned at the intersection of Western & Belmont Avenues in the desirable Roscoe Village neighborhood.

Location Description
Western & Belmont is located in Chicago’s coveted Roscoe Village neighborhood between the desirable neighborhoods of Lakeview and Avondale. There are 46,900 residents living with a one-mile radius of the offering and enjoying an average household income of $198,500, underscoring the density and affluence of the surrounding area. Lane Tech College Prep and DePaul College and their more than 5,600 combined students are located just steps from the offering, providing reliable daytime activity to the surrounding trade area.

Map:
Documents:
Title
Western___Belmont_-_OM.pdf
Western___Belmont_-_Flyer.pdf
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Location
Gallery