7532 - 7550 West Addison Street

For Lease

7532 - 7550 West Addison Street, Chicago, IL 60634

You can currently find 2 retail space(s) available for lease at 7532 - 7550 West Addison Street. Designated use type for space listed here includes retail. Current retail listings at this property total 3,000 square feet. Lease type options include Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at 7532 - 7550 West Addison Street.

Space Available For Lease 2

Contacts

broker

Steven Hirsch

SVN | Chicago Commercial

(847) 464-8468

Property Details

  • Property Type Retail - Strip
  • Property Size 10,980 SF
  • Lot Size 0.52 Acre
  • Parking Spaces Avail. 24
  • Parking Ratio 1.88 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1930
  • Date Updated Feb 16, 2024
Just 13 miles northwest of the Loop, Belmont Heights offers the convenience of the Big City without any of the overpopulation or congestion. Hundred-year-old trees line residential streets and ample parking exists throughout the neighborhood's commercial districts. Attracting young professionals who prefer to live away from where they work, families that need a good-sized yard, and folks in late life who want to downsize and slow down a tad, Belmont Heights is the ideal home for all sorts of Chicagoans. Cozy cafés and coffee shops abound while traditional Polish and German eateries and a slew of pizzerias fill the air with the irresistible aroma of sauerkraut and oregano. A cluster of friendly bars and grills house the nightlife in Belmont Heights, and the usual suspects of handy hardware stores, furniture showrooms and specialty groceries anchor the rest of the community's needs.Retail/Commercial building for sale. Over 230’ of street frontage on busy West Addison Street in the Belmont Heights neighborhood of Chicago. 11-unit (potential) multi-tenant investment property. ±22,800 SF land parcel with 24 parking spaces in the rear of the building. Future Passive income from cell tower expansion **Ask listing brokers. (Cell Tower and income are separate owners and not included in the sale.)**Access to ample parking at the back of the building ensures convenience for customers, while the proximity to public transportation in front of the building further enhances accessibility. Both units come equipped with existing restaurant kitchen equipment, presenting a rare opportunity for aspiring restaurateurs to leverage pre-installed amenities, potentially saving time and investment costs. The layout and design of these units are perfectly suited for restaurant and quick-service food uses, allowing for seamless operations and efficient customer service. While equipped, the spaces offer flexibility for customization, enabling the next tenant to personalize the ambiance and design according to their unique brand and vision.

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Highlights

  • B1-1 Zoning
  • 24 parking spaces in rear of building
  • 5.4 miles from the (I-90) Kennedy Expressway
  • Walking distance to CTA Bus Stops (Addison/Oriole)

Attachments

Getting around

  • 68/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 65/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Belmont Heights
  • Zip Code 60634
  • Market Chicago

Points of Interest

  • Elmwood Park

    1.41 miles

  • River Grove

    1.47 miles

  • Mont Clare

    1.78 miles

  • Belmont Avenue (Franklin Park)

    2.34 miles

  • Galewood

    2.49 miles

  • Harlem

    2.59 miles

  • Franklin Park

    2.68 miles

  • Cumberland

    2.93 miles

  • Schiller Park

    3.05 miles

  • Gladstone Park

    3.07 miles

  • BP

    0.47 miles

  • Mobil

    0.66 miles

  • River Grove Citgo

    1.10 miles

  • BP

    1.11 miles

  • Shell

    1.14 miles

  • BP

    1.20 miles

  • Marathon

    1.33 miles

  • BP

    1.38 miles

  • Shell

    1.50 miles

  • Gas Depot

    1.56 miles

  • St. Priscilla's Church parking

    0.74 miles

  • Lot C

    1.61 miles

  • Lot D

    1.62 miles

  • Lot A

    1.63 miles

  • Lot B

    1.64 miles

  • Free parking for Oriole Park

    2.29 miles

  • Student Parking

    2.34 miles

  • Cernan Parking

    2.35 miles

  • Community First Health Center Parking Garage

    2.44 miles

  • Congas Restaurant Parking

    2.48 miles

  • Franksville

    0.43 miles

  • McDonald's

    0.44 miles

  • BarTucci

    0.47 miles

  • Taco Bell

    0.48 miles

  • Domino's

    0.53 miles

  • Jimmy John's

    0.53 miles

  • Dunkin'

    0.54 miles

  • Edelweiss

    0.55 miles

  • Jibarito’s on Harlem

    0.58 miles

  • Mr. Beef & Pizza on Harlem

    0.61 miles

  • Target

    0.67 miles

  • Harlem-Irving Plaza

    0.80 miles

  • Kohl's

    0.90 miles

  • Ross

    1.01 miles

  • Rich's Fresh Market

    1.09 miles

  • Ross

    1.21 miles

  • Montrose Food Mart & Deli

    1.35 miles

  • Butera

    1.40 miles

  • Mariano's Fresh Market

    1.42 miles

  • Marshalls

    1.48 miles

7532 - 7550 West Addison Street Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at 7532 - 7550 West Addison Street asks $17.00/SF/YR per square foot.

  • The property includes 3,000 square feet of retail space for lease. Of this total, 3,000 square feet are Retail.

    Lease agreement conditions for the availability at this property include Modified Gross.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    For car-travelling customers, 7532 - 7550 West Addison Street has a parking ratio of 1.88 / 1,000 SF, offering 24 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Belmont Heights is 41. The average household income here is $75,878 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steven Hirsch

SVN | Chicago Commercial

(847) 464-8468

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