Belmont & Drake

Description:

- Avondale, Chicago


KW Commercial is pleased to present the opportunity to acquire two fully leased retail condominium units located at 3523 & 3525 W Belmont Avenue in Chicago’s thriving Avondale neighborhood. Both storefronts are located in a professionally managed, 12-unit corner building with excellent visibility and exposure to approximately 21,000 vehicles per day. 3523 is occupied by a long-term tenant of over 10 years with a lease expiring in December 2025 and represents a near-term repositioning opportunity due to its below-market rent, while 3525 is recently renovated and leased through 2028 with a renewal option at market rate. Zoned C1-1, the units are well-suited for a wide variety of commercial uses including retail, food service, and office, making them highly adaptable for future tenants. The building is located just steps from the CTA Belmont Blue Line Station and minutes from I-90/94, surrounded by national retailers such as Walgreens, ALDI, Shell, Bank of America, and CIBC. The property benefits from an active association that manages significant maintenance responsibilities, reducing landlord operational involvement. Avondale continues to experience strong investor and tenant demand driven by new development, creative repositioning of commercial assets, and its strategic location within Chicago’s expanding urban core.