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    2651 W Devon Ave Chicago, IL 60659

    For Lease
    $18 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    25
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 2651 W Devon Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1932
    Number of units
    1
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Nov 11, 2025

    MLS# 12367601 Listing URL

    Copyright © 2025 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.

    Overview

    Devon Avenue Retail Space Available

    This commercial space, formerly a jewelry store for decades, is available for lease. Located on Devon Avenue, a high-traffic corridor at the intersection of California Avenue and Western Avenue, the property offers approximately 3,000 square feet of space with a full basement. The property also includes a couple of parking spaces located in the rear of the building. The building benefits from strong street visibility and exposure. Zoned B1-2, the property allows for many uses, including professional services. The location is near daily necessities stores and benefits from significant foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vitha Jewelers Jeweler Taj Jewelers Jeweler Kishan N Patel ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Blooming City Flowers, Angel Guardian Florist Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6967259
    Latitude
    41.9973534

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    FAQs

    What type of property is this?
    Storefront property - 3,000 SF retail space with full basement and parking.
    Where is this storefront property located?
    The property is located at 2651 W Devon Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Devon Ave corridor (California & Western Ave) with **strong street visibility and exposure.**; - Versatile B1-2 zoning allowing for many professional and commercial uses.; - Approximately 3,000 sq ft of space with a full basement.
    (773) 465-4200
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    Chicago, IL 60659
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2651 W Devon Ave Chicago, IL 60659
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