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About the Listing 88183 - 111456,1017906
Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. This single-story commercial asset spans a gross rentable area of 10,683 SF across 7 highly visible units with one divisible vacant storefront. Situated on a prime corner lot with direct frontage on high-traffic Devon Ave, the property features a dedicated 14-space exterior parking lot and essential rear logistics access via a 16 ft. public alley. Investment Highlights: Immediate Value & Upside: Features a strong going-in cap rate of 4.76%, with a clear path to a 7.92% projected stabilized cap rate upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational under net lease structures where tenants contribute to taxes, insurance, and maintenance, minimizing landlord overhead. Favorable Zoning: Robust B3-1 (Business Shopping District) zoning supports a diversified, recession-resilient mix of established local service, fitness, and restaurant tenants. Perfect for 1031-exchange or portfolio-driven investors seeking an income-generating asset with verified upside in a high-demand, stable Chicago location.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
12682191
Year Built
1957
Total Square Footage
10,683
Lot/Acreage
0.36
County
Cook
Area
CHI - Forest Glen
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Individual
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor: Varies
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 15681
- Zoning: COMMR
- Roof: Membrane
- Others:
- Sewer:
- Parking Features: 13-18 Spaces
Financial Details
- Tax Amount: $54,351
- Taxes w/Assessments: N/A
- Tax/Property ID: 13041020080000
- Tax Year: 2024
Payment Calculator
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Questions About..
5337 W Devon Ave Chicago, IL 60646
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