About 5337 W Devon Avenue
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.
Features of 5337 W Devon Avenue
| MLS® # | 12682191 |
|---|---|
| Price | $1,750,000 |
| Bathrooms | 0.00 |
| Year Built | 1957 |
| Type | Commercial Sale |
| Sub-Type | Retail/Stores |
| Status | Active |
| HOA Fees Freq. | Not Applicable |
| Taxes | $54,351 |
Community Information
| Address | 5337 W Devon Avenue |
|---|---|
| Area | CHI - Forest Glen |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60646 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | Central Individual |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick, Brick/Stone Msn Pred |
|---|---|
| Roof | Membrane |
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 16 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Essex 312, LLC |
|---|