SQUARE FEET10,683
MLS#12765763
STATUSActive
PROPERTY TYPECommercial - Retail
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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Individual
Lot Size: 0.36 Acres
Roof Type: Membrane
Stories: 1.0
Taxes: $98,688
Year Built: 1957
Feature Descriptions
Current Use: Commercial
Electric: Separate Meters
Exterior: Brick, Brick/Stone Msn Pred
Fire Protection: Fire Extinguisher/s
Flooring: Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, Alley Access
HVAC: Central Heat/Indiv Controls
Location: Central Business District, Corner, Public Transport Avail, Free Standing/Urban
Lot Dimensions: 15681
Miscellaneous Indoor: Multi-Tenant, Public Restroom/s
Number of Tenant(s): 7
Parcel#: 13041020080000
Parking: 13-18 Spaces
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger
Units: 7
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Listed By / Shown By
Listed By
Agency Name: Essex 312, LLC
Agency Phone: 773-305-4858
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
5337 W Devon Avenue | MLS# 12765763
This commercial property located at 5337 W Devon Avenue, Chicago, IL 60646 is currently listed for sale with an asking price of $1,500,000. Search Chicago real estate on www.gogambino.com today.