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.
133 days
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60
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Zillow last checked:
Listing updated:
Listed by:
Thoma Socrates Panos847-275-7818,
Pearson Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12619294
Facts & features
Property
Features
Frontage type: Paved
Frontage length: 50
Lot
Size: 6,250 Square Feet
Dimensions: 50' x 125'
Details
Additional parcels included: 12242020010000
Parcel number: 12242020020000
Zoning: COMMR
Special conditions: List Broker Must Accompany
Utilities & green energy
Sewer: Storm Sewer
Water: Municipal Water
Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Other, Cable Available, Fiber
Community & HOA
Location
Region: Chicago
Financial & listing details
Annual tax amount: $16,801
Date on market: 4/14/2026
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
4/30/2026
Price change
$949,000-5.1%
Source: MRED as distributed by MLS GRID #12619294Report a problem
4/14/2026
Listed for sale
$1,000,000
Source: MRED as distributed by MLS GRID #12619297Report a problem
4/14/2026
Listing removed
$1,000,000
Source: MRED as distributed by MLS GRID #12557713Report a problem
1/30/2026
Listed for sale
$1,000,000
Source: MRED as distributed by MLS GRID #12557713Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.