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1114 W Belmont AveChicago, IL 60657
1114 West Belmont Avenue
Asset ClassMixed Use, Retail, Multifamily
lakeview mixed-use retail + apartments
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1114 W Belmont Avenue (the “Property”), a 100% leased, urban infill mixed-use investment located in Chicago’s Lakeview neighborhood. The Property consists of one (1) retail space, seven (7) apartment units, and four (4) garage parking spaces

 

The ±13,520 square foot, two-story building is situated on ±7,740 square feet of land with approximately 62 feet of frontage along West Belmont Avenue. The ground-floor retail space is leased to Bittersweet Pastry Shop & Cafe, an award-winning, established neighborhood bakery that has operated since 1992, marking over 33 years in business. This location serves as Bittersweet’s flagship location and central production facility, where all baked goods are produced and distributed to its other two Chicago locations.

 

Positioned along the active Belmont Avenue corridor in the heart of Lakeview, the Property is three blocks from the CTA’s 8th busiest station, the Belmont ‘L’ Station, serving the Red, Brown, and Purple lines. The Belmont Station recorded 2,463,000 boardings in 2025. The location is supported by strong surrounding density, including DePaul University and a large base of young professionals, driving consistent demand for the apartment units. The Property also benefits from immediate access to CTA bus routes #8, #22, and #77, providing connectivity throughout Chicago.

 

The Property is surrounded by a dense retail corridor featuring a mix of national and neighborhood tenants, including Whole Foods Market, Target, Marshalls, Michaels, DSW, Petco, Binny’s, Starbucks, Chipotle, Dunkin’, Jimmy John’s, and Taco Bell. Located approximately 0.5 miles south of Wrigley Field, the Property benefits from proximity to one of Chicago’s most active entertainment and retail destinations.

 

The Whole Foods Market located approximately half a mile east of the Property attracts over 1.3 million annual visitors, ranking #1 in visits among all Whole Foods locations in Illinois and placing in the top 3% nationwide. Further reinforcing the strength of the corridor, Whole Foods Market recently signed a new lease at 827 West Belmont Avenue, just a few blocks east of the Property.

 

The surrounding area is supported by strong demographics, including a 1-mile population of over 106,000, average household income of approximately $137,200, and a median home value exceeding $556,000.

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Investment Highlights

⦿ VALUE-ADD OPPORTUNITY WITH STABLE INCOME

 

⦿ UNIQUE LOFT-STYLE APARTMENT UNITS WITH 14.5 FOOT CEILINGS

 

⦿ BITTERSWEET - 33 YEARS + COMMISSARY KITCHEN

 

⦿ UNIQUE LOFT-STYLE APARTMENT UNITS WITH 14.5 FOOT CEILINGS

 

⦿ PRIME LAKEVIEW LOCATION

 

⦿ PROXIMITY TO DEPAUL AND WRIGLEY FIELD

 

⦿ SUPERIOR DEMOGRAPHICS

 

⦿ HIGHLY WALKABLE + TRANSIT-SERVED LOCATION

1114 W Belmont AveChicago, IL 60657
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