CHICAGO, IL 60657
1438 W BELMONT
THE LORD COMPANIES, L.L.C.
Commercial Space: This commercial storefront is on the ground floor and lower level of a newer 4-story brick and
limestone apartment building with 4 large luxury apartments above.
• 3,695 SF - 1,944 SF on main level + 1,751 SF on lower level.
• 13’ ceilings on main floor, 8’ on lower level
Delivery Condition: This space is built out as a property management and sales office with 5 private offices and
large open office area on the main floor and 4 additional offices in the lower level. The main floor has hardwood floors
and large suspended antique light fixtures. The lower level has tile floors and ceiling-mounted light fixtures. There are
washrooms on both levels. There is a kitchenette/break room located on the lower level along with a work room
and multiple filing/storage rooms.
Parking: 6+ car (3 double-triple depth tandem spaces) carport in rear potentially available during the day (9 am to 6
pm). Free street parking on south side of Belmont, metered street parking on north side of Belmont. City parking lot
less than 1 block away with daily ($2/hr.) and monthly ($85/mo.) parking.
Base Rent: $6,000/mo. ($19/SF) w/o parking, $6,500/mo. with parking
Additional Expenses: Real estate taxes and common area maintenance (CAM) expenses are included in the base
rent. Tenant is only responsible for their own separately metered utilities.
Location: This site is located in a high-traffic area of Belmont Avenue between Southport (1400 West) and Ashland
(1600 West). Nearby businesses include a new Whole Foods, X-Sport Gym, Little Gym and Gymboree, numerous
banks, title companies and home furnishings stores, St. Luke’s church and childcare center, a new senior housing
complex and Schuba’s Tavern. This location is easily accessible from all areas in Lincoln Park and Lakeview. It can
also be accessed from the Kennedy expressway (2 miles west) or Lakeshore Drive (2 miles east). The area offers
extensive on-street metered parking plus a large city parking lot nearby.
Zoning: B3 (Community Shopping District), 44th Ward (Ald. Tom Tunney)
Traffic Counts: 14,300 vehicles per day (VPD) on Belmont, 28,500 VPD on Ashland
Demographics: (2018) 1.0 mile 3.0 mile
Population 69,260 493,814
Households 33,159 238,402
Owner Occupied 13,927 (42%) 91,489 (38%)
Renter Occupied 19,232 (58%) 146,913 (62%)
Average Age 32.9 35.7
Total Daytime Population 64,172 424,202
Average Household Income $143,389 $104,643
Median Household Income $113,645 $75,893
Median Home Value $532,288 $384,445