Mixed-Use Restaurant & Tire
2114 W Devon Avenue Chicago, IL 60659
2114 W Devon Avenue, Chicago, IL, 60659
$600,000
For Sale
$600,000
COMMERCIAL - Chicago, IL
Property Size5,350 SF
Price / SF$112.15
Days on Market373
Property Features for 2114 W Devon Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 11313170340000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 16884
Building Details
- Year built
- 1924
- Floors in Building
- 1
Listing agency
Charles Rutenberg Realty
(630) 929-1100
Listed by
Mariano Rotondo · License #475183966
(630) 929-1100
Added: Jul 15, 2025 Updated: Jul 2 at 12:18PM Checked: Jul 22 at 7:06AM
MLS# 12421280
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This B3-2 zoned mixed-use property at 2114 W Devon Avenue includes approximately 5,350 square feet and is currently operating with two active businesses: a restaurant and an auto tire shop. The existing setup supports continued use today while allowing for flexibility if you’re planning an expansion or a broader redevelopment approach within the allowed mix of uses.
Located on Devon Avenue in West Ridge, the property is described as having high visibility and being supported by surrounding local businesses and dense residential pockets. The remarks also note nearby public transit and quick access to Western Avenue and expressways, which can be useful for both customer-facing operations and day-to-day workforce access.
For buyers and operators, the combination of a food service concept and an automotive tire offering provides an immediate operating base, while the B3-2 zoning supports retail, automotive, medical, and mixed-use development. The property can be a strong fit for an owner-operator who wants to run an existing business location or for a buyer evaluating redevelopment options consistent with the stated zoning flexibility. Contact the listing agent to schedule a private showing.
Located on Devon Avenue in West Ridge, the property is described as having high visibility and being supported by surrounding local businesses and dense residential pockets. The remarks also note nearby public transit and quick access to Western Avenue and expressways, which can be useful for both customer-facing operations and day-to-day workforce access.
For buyers and operators, the combination of a food service concept and an automotive tire offering provides an immediate operating base, while the B3-2 zoning supports retail, automotive, medical, and mixed-use development. The property can be a strong fit for an owner-operator who wants to run an existing business location or for a buyer evaluating redevelopment options consistent with the stated zoning flexibility. Contact the listing agent to schedule a private showing.
Key Highlights
- 5,350 sq ft mixed‑use property built in 1924
- Two active businesses on‑site: a restaurant and an auto tire shop
- B3‑2 zoning supports retail, automotive, medical, and mixed‑use development
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $9.43 |
| − Vacancy | −$2.5k | −$0.47 |
| EGI | $47.9k | $8.96 |
| − OpEx | −$14.4k | −$2.69 |
| NOI | $33.5k | $6.27 |
5,350 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,574 @ 7.0% cap · market cap 16.60%
Second Best
Retail
$1.06M
$925.2K – $1.23M
NOI $74,016 @ 7.0% cap · market cap 12.34%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,576 @ 7.0% cap · market cap 29.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - B3-2 zoned property with two operating businesses, offering redevelopment flexibility for retail, medical, or automotive uses.
Where is this conventional restaurant located?
The property is located at 2114 W Devon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 5,350 sq ft mixed‑use property built in 1924; Two active businesses on‑site: a restaurant and an auto tire shop; B3‑2 zoning supports retail, automotive, medical, and mixed‑use development
