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5337-5353 W Devon Ave 10,758 SF 85% Leased Retail Building Chicago, IL 60646 $1,750,000 ($162.67/SF) 4.76% Cap Rate
Investment Highlights
- Long term tenant base
- 6 out of 7 retail units leased with the final open unit able to be split into two units
- Prime location
Executive Summary
Introducing an exceptional retail investment opportunity in the Edgebrook neighborhood of Chicago – a prime 10,683 SF building housing 7 units, built in 1957 and thoughtfully zoned B3-1. Located in a highly desirable area with strong foot traffic near the Edgebrook Metra train stop, this property is an attractive prospect for retail and strip center investors seeking a well-established, income-generating asset. This property offers a solid foundation for long-term success in the Chicago market. Don't miss the chance to capitalize on this high-potential retail investment in one of the city's most sought-after locations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,758 SF
Building Class
C
Year Built/Renovated
1957/2016
Price
$1,750,000
Price Per SF
$162.67
Cap Rate
4.76%
NOI
$83,300
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.42 AC
Zoning
Commercial
Amenities
- Air Conditioning
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-04-102-008-0000 | Improvements Assessment | $21,144 |
| Land Assessment | $27,344 | Total Assessment | $48,488 |
Property Taxes
Parcel Number
13-04-102-008-0000
Land Assessment
$27,344
Improvements Assessment
$21,144
Total Assessment
$48,488
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Contact the Sale Advisor
5337-5353 W Devon Ave