5337-5353 W Devon Ave, Chicago, IL for sale

Investment Overview

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.

Investment Highlights

• A well-maintained 7-unit retail strip center totaling 10,683 SF, featuring 14 rear exterior parking spaces and B3-1 zoning.
• Six of seven units are occupied by a diversified mix of food and beverage, fitness, and service tenants on leases extending through 2027 and 2028, each with extension options.
• All tenants are on net leases, responsible for their pro-rata share of real estate taxes, insurance, utilities, and maintenance, minimizing ownership costs and providing strong income predictability.
• The property is ideally positioned along Devon Avenue in Edgebrook, one of Chicago's most enduring retail corridors, benefiting from high vehicle counts, strong pedestrian foot traffic, and direct Metra commuter rail access nearby.