CBRE is pleased to present to qualified investors the opportunity to acquire a 100% fee simple interest in 1040 W Belmont Avenue (The “Property”), located in Chicago, IL. The Property, currently occupied by Giordano’s with nearly two years left on the lease, presents a prime redevelopment opportunity in Chicago’s Lakeview Neighborhood. Future ownership has the unique ability to collect steady rental income from Giordano’s until their lease expiration while positioning the space for future redevelopment.
Set amidst a dense and urban infill environment, the Property encompasses prime and irreplaceable real estate. This area is renowned for its vibrant community and proximity to key attractions such as Wrigley Field, the Apollo Theater, and Belmont Harbor. The Property is situated along the lively Belmont Avenue corridor, with over 17,000 vehicles passing the site daily. Further, the Property is just west of major arteries including Halsted Street and Clark Street, providing convenient access to consumers and connectivity to all neighborhoods of Chicago. The property is conveniently located 550 feet from the CTA Belmont train station, which services 2.2 million riders annually.