5430 W Devon Ave - Storefront Retail/Office FOR SALE


Chicago, IL 60646- Edgebrook
$2,409,485 USD
847-651-3697
5430 W Devon Ave, Chicago, IL for Sale
$2,409,485 USD
Storefront Retail/Office - FOR SALE
1/8
null | 7% Cap Rate

5430 W Devon Ave
Chicago, IL 60646
Edgebrook


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY: 87.4% Occupied
  • STRONG OPERATING HISTORY: 19.45 Weighted Average Lapsed Lease Term
  • EXCELLENT ACCESS & TRANSIT-ORIENTED SITE: Located immediately east of Metra’s Milwaukee District North Edgebrook Station
  • IRREPLACEABLE, DENSE, URBAN INFILL REAL ESTATE: Located in Chicago’s Edgebrook neighborhood
  • ROBUST CHICAGO MSA Chicago is home to the third-largest economy and is the 3rd most populous MSA in the nation (Chicago MSA Population: 9.6 million)

OVERVIEW

Qualified investors are presented with the opportunity to acquire 100% fee simple interest in 5430 Devon Avenue, an 11,902-square-foot neighborhood retail center located in Chicago’s thriving Edgebrook community. The property features a diversified tenant roster including USPS, Baird & Warner, Archie Doratie Co, Tax, Titles & Plates, and Little Nest, providing a blend of daily needs and service-oriented uses. Strategically positioned at the intersection of Devon Avenue (22,400 VPD) and Kinzua Avenue, the property benefits from excellent visibility and is located just steps from Metra’s Milwaukee District North Edgebrook Station. Edgebrook, one of Chicago’s most desirable neighborhoods, offers a dense residential base, high barriers to entry, and exceptional household incomes. The property is currently 87.4% occupied, presenting investors with an immediate opportunity to boost NOI through the lease-up of the 1,500-square-foot vacancy.

FOR SALE DETAILS

PRICE

$2,409,485 USD

PRICE/SF

$202 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

NA

APN/PARCEL ID

10-33-326-020-0000,10-33-326-021-0000,10-33-326-022-0000,10-33-326-023-0000

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
847-651-3697

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Adam ForetCBREMore Info
847-651-3697

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