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    2-12 E Devon Ave Elk Grove Village, IL 60007

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    For Lease
    Contact for pricing

    Shopping center at signalized intersection in a densely populated area.

    Property size:
    10,740 SF
    Lot size:
    10,740 SF

    Property Features for 2-12 E Devon Ave

    General Information

    Size
    10,740 SF

    Source: Ilija Pod Agent Ilija Pod

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Elk Grove

    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.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Coin Cloud Bitcoin ATM, Elk Grove Town Center

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -88.0028021
    Latitude
    41.9931916

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    FAQs

    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.
    (847) 870-8585
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    2-12 E Devon Ave Elk Grove Village, IL 60007
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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
    2-12 E Devon Ave Elk Grove Village, IL 60007
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