1333-1343 W Devon Ave - Storefront Retail/Office FOR SALE


Chicago, IL 60660- Edgewater
$1,975,000 USD
312-738-9502
1333-1343 W Devon Ave, Chicago, IL for Sale
$1,975,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 5.32% Cap Rate

1333-1343 W Devon Ave
Chicago, IL 60660
Edgewater


HIGHLIGHTS

  • Arm Chair Investment 6 Storefronts 120.4' frontage x 50' 14k VPD on Devon
  • Value Add Opp w/Legacy Tenants Below Market
  • B3-2 Potential FAR and TOD
  • Renovated 2020-23 Newer roof and tuckpoint
  • Minimal LL Expense or Capital Expenditure needed. Well maintained

OVERVIEW

Ideal Storefront Bldg near Loyola University! Investment or Owner - User opportunity at the corner of Devon and Wayne Ave with the ability to expand, develop FAR or combine storefronts. The building is strategically located in booming Edgewater in an area that caters to a diverse and dynamic clientele and Loyola student concentration. 6 storefronts (1 currently combined)with individual HVAC systems. Well maintained building surrounded by lots of new development in addition to student housing that is walking distance to Loyola Campus University Campus and the Lake. Well maintained building. Value add opp with below market rents and future potential FAR and TOD. B3-2 FAR 2

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

5.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B3-2

APN/PARCEL ID

14-05-104-016-0000

ASK ABOUT THIS PROPERTY

Miraya VlachoL.J. Sheridan & Co.More Info
312-738-9502

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Miraya VlachoL.J. Sheridan & Co.More Info
312-738-9502

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