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Retail Space in Elk Grove
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2-12 E Devon Ave., Elk Grove Village, IL 60007

Shopping center at signalized intersection in a densely populated area.

Property Size10,740 SF
Days on Market251

Property Features for 2-12 E Devon Ave.

General Information

Standard status Active
Size 10,740 SF
Property subtype Retail
Listing Agency:
Listed By: Ilija Pod
Source: Horizonrealtyservices
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Jul 30 at 4:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ilija Pod

Investment Insights

Based on property information with market context.

This shopping center is positioned on the northeast corner of Devon Avenue and Arlington Heights Road, situated at a signalized intersection within a densely populated area. The location provides convenient access from interchanges on both I-290 and 390, also known as the Elgin-O'Hare expressway. The property serves the surrounding community, benefiting from traffic generated by the Village athletic fields located across the street, which attract both daytime and nighttime visitors. A pylon position is available, offering easy access. The property is located in a densely populated business park area.

Key Highlights

  • Located at the northeast corner of Devon Avenue and Arlington Heights Road.
  • Located at a signalized intersection of Devon Avenue and Arlington Heights Road in a densely populated area.
  • Easily accessible from I‑290 and 390 interchanges.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Hair Salon Real Estate Agency Spa & Massage Center Parking Lot & Garage Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 69% Hotels & Casinos 17% Shops & Services 15%
Krispy Kreme Doughnuts Dining
12,351 visits/mo 0.4 miles
DoubleTree by Hilton Hotel Chicago Wood Dale Hotels & Casinos
3,420 visits/mo 0.5 miles
7-Eleven Shops & Services
2,936 visits/mo 0.2 miles
Brown's Chicken Dining
1,509 visits/mo 0.4 miles

Demographics for 60007, IL

33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center at signalized intersection in a densely populated area.
Where is this shopping center located?
The property is located at 2-12 E Devon Ave. Elk Grove Village, IL.
What are key features of this property?
This property features: Located at the northeast corner of Devon Avenue and Arlington Heights Road.; Located at a signalized intersection of Devon Avenue and Arlington Heights Road in a densely populated area.; Easily accessible from I‑290 and 390 interchanges.
More about this property
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