3525 W Belmont Ave, Chicago, IL

Description:

FOR SALE | PRIME RETAIL CONDOMINIUMS
3523 & 3525 W Belmont Ave, Chicago, IL 60618
Avondale | Belmont & Kimball Corridor


KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor.


Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy.


PROPERTY OVERVIEW
Total Retail Size: ±1,400 SF (±700 SF each unit)
Zoning: C1-1 (Neighborhood Commercial District)
Configuration: Two individual retail condominiums
Building: 14-unit mixed-use (residential over retail)
HVAC: Separate, in-unit systems for each space
Ownership Structure: Condo ownership (low maintenance, efficient operations)


INVESTMENT HIGHLIGHTS
 

Owner-User Opportunity (Vacant Unit)
3525 W Belmont Ave delivered vacant
- Ideal for owner-occupiers, boutique retailers, service users, or office users
- Ability to offset occupancy costs with income from adjacent leased unit
- Brand new buildout


In-Place Income (Stabilized Unit)
- 3523 W Belmont Ave occupied by an established tenant
- Provides immediate cash flow with upside potential
- Ideal structure for live/work investors or passive ownership
- Month-to-month lease structure; tenant may sign long lease


LOCATION ADVANTAGES
- High-Exposure Belmont Corridor
- Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic
- Estimated 17,000+ vehicles per day
- Excellent storefront visibility and signage potential


Steps from Belmont & Kimball Intersection
 

Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including:
- Walgreens
- ALDI
- Dunkin’
- Subway
- Five Below
- T.J. Maxx
- Bank of America
- Shell
- Plus more...


This node continues to attract national tenancy and retail reinvestment, strengthening long-term value.


Transit & Accessibility:
- Minutes to I-90/94 Kennedy Expressway
- Approximately 2 blocks to CTA Belmont Blue Line Station
- Multiple CTA bus routes servicing Belmont Ave
- Walk Score: 90+ (Walker’s Paradise)


AREA & SUBMARKET
Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by:
- Ongoing residential density growth
- Proximity to Logan Square and Roscoe Village
- Increasing retail demand and limited storefront supply
- Strong demographic fundamentals and neighborhood revitalization


IDEAL FOR
- Owner-users seeking high-visibility retail presence
- Investors seeking stable income with upside
- Hybrid buyers (occupy one / lease one)
- Service retail, boutique concepts, medical, office, or creative uses


SUMMARY
This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.


- Two Retail/Office Spaces - 600 SF per Space - Zoning: C1-1 - Steps From The Belmont Blue Line Stop and Kennedy Expressway - Professionally Managed Building



Two retail condos totaling 1,400 SF in a 14-unit mixed-use building in Avondale’s Belmont/Kimball corridor
3525 W Belmont (700 SF) delivered vacant—ideal for owner-user or investor seeking immediate occupancy
3523 W Belmont (700 SF) leased—provides in-place income with upside and lease flexibility
High-visibility Belmont Ave location with 17,000+ VPD and strong pedestrian traffic
Steps from Walgreens, ALDI, Dunkin’, and major national retailers at Belmont & Kimball
Minutes to I-90/94, CTA Blue Line, and multiple bus routes; Walk Score 90+