5416 W Devon Ave - Storefront Retail/Office FOR SALE


Chicago, IL 60646
$2,950,000 USD
630-368-8609
5416 W Devon Ave, Chicago, IL for Sale
$2,950,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 8.81% Cap Rate

5416 W Devon Ave
Chicago, IL 60646


HIGHLIGHTS

  • IRREPLACEABLE, DENSE, URBAN INFILL REAL ESTATE: Located in Chicago’s Edgebrook neighborhood.
  • VALUE-ADD OPPORTUNITY: The Property is currently 83% occupied with two vacant units.
  • DARK STARBUCKS: Starbucks is dark but paying all obligations per their lease through February 28, 2026.
  • EXCELLENT ACCESS & TRANSIT ORIENTED SITE: 200 feet east of Metra’s Edgebrook Station providing direct access to downtown Chicago
  • FREE AND CLEAR OFFERING
  • ROBUST CHICAGO MSA: Chicago is home to the 3rd largest economy and is the third most populous MSA in the nation (Chicago MSA Population: 9.6 million)

OVERVIEW

MOTIVATED SELLER! Qualified investors are extended the opportunity to acquire a 100% fee interest in The Shoppes of Edgebrook, a 17,710-square-foot retail center. The property is 83% occupied with essential tenants including Domino’s, Sunflower Academy, Israel Warrens Dentistry, and KingPho. The Property is located at the high-traffic intersection of Devon and Central Avenues in the Edgebrook neighborhood of Chicago with over 36,300 vehicles passing per day. Edgebrook is a densely populated, affluent neighborhood on the northwest side of the city, approximately 12 miles from downtown Chicago. The Property is situated 200 feet from the Metra’s Milwaukee District North train station, providing direct access to Chicago’s central business district.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

8.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes of Edgebrook

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B1-1

APN/PARCEL ID

10-33-326-030-0000,10-33-326-031-0000,10-33-326-032-0000,10-33-326-033-0000

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.