Property Description

Prime 6,250 SF (50' x 125') corner development site situated on a high-visibility signalized-adjacent corner in Chicago's thriving Belmont Heights/Dunning corridor. This strategic 0.16-acre lot offers 50 feet of frontage on Irving Park Road, a major Northwest Side artery with traffic counts exceeding 18,000 VPD. Zoned C1-2 (Neighborhood Commercial), the property provides broad flexibility for retail, professional office, or medical use, with the added potential for multi-story mixed-use development featuring residential units above ground-floor commercial. The site currently includes a fully renovated (2024) 4,055 SF freestanding structure with a turnkey restaurant, an apartment unit above, and a rare 15-car dedicated side parking lot, providing immediate utility or a high-income holding opportunity while final plans are secured. Located in Jefferson Township (Area 8017) within Chicago School District 299, the property is just blocks from the Harlem-Irving Plaza (HIP) and benefits from the dense, high-income residential demographics ($92k+ median HHI) of the surrounding neighborhood. Excellent proximity to the I-90/294 O'Hare corridor and heavy commuter bus transit makes this an ideal flagship location for national retailers or local developers seeking maximum Northwest Side exposure.

Features & Information

Key Details

List Price $1,000,000
Property Taxes $13,879.44
Lot Dimensions 50' x 125'
Status Active

Schools

Elementary School District 299
Junior High District 299
High School District: 299

Location

General Information School Bus Service,Commuter Bus,Interstate Access
County Cook
Township Jefferson
Corporate Limits Chicago
Directions to Property W On Irving Park Rd From Harlem Ave. Property Is 0.2 Miles Ahead On The Left (sw Corner Of Irving Park & 75th/oketo).

Property Taxes
Tax $13,879.44
Tax Year 2024
Parcel Identification Number 12242020020000

Listed by: Pearson Realty Group | Phone: 773.325.2800
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 2/13/2026 6:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Belmont Heights

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 bar 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.

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