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$ 1,500,000
Est. payment | /mo
10,683 SqFt
$ 1,500,000
Est. payment | /mo
10,683 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 10,683 sqft
Price per Sqft $140
MLS Listing ID 12765763
Year Built 1957
Annual Tax Amount $98,688
Tax Year 2024
Lot Size 0.360 Acres
Lot Dimensions 15681
Property Sub-Type Retail/Stores
Property Description
NEW PRICE -- MAJOR VALUE OPPORTUNITY: Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. Repriced to $1,500,000, this single-story commercial property features 7 highly visible units with one divisible vacant storefront. Investment Highlights:Immediate Value & Upside: Strong current cash flow with upside potential upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational with tenant expense pass-through arrangements that minimize landlord overhead. Favorable Zoning & Location: Robust B3-1 zoning supports a diversified, recession-resilient mix of long-standing service, fitness, and restaurant tenants. Corner lot with direct frontage on high-traffic Devon Ave, 14 dedicated parking spaces, and rear alley logistics access. Perfect for 1031-exchange or portfolio investors seeking verified potential in Edgebrook.
Location
State IL
County Cook
Area Chi - Forest Glen
Zoning COMMR
Interior
Cooling Central Individual
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Water Municipal Water
Structure Type Brick,Brick/Stone Msn Pred
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Listed by Niko Apostal of Essex 312, LLC
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Tim Zielonka
Managing Broker / Realtor License ID: 471.004901
+1(773) 789-7349 | realty@agenttimz.com