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    1401 W Devon Ave Chicago, IL 60660

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    For Lease
    Contact for pricing

    4,332 SF commercial space in Rogers Park/Edgewater for rent.

    Property size:
    4,332 SF
    Lot size:
    0.27 Acres

    Property Features for 1401 W Devon Ave

    General Information

    Size
    4,332 SF
    Lot size
    0.27 Acres

    Source: CRER Agent Sean Mason

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

    Overview

    Prime Retail Space Near Loyola

    This 4,332 SF commercial space is located at the intersection of Rogers Park and Edgewater. Positioned on the first floor of a new mixed-use development designed by Vari Architects, the space is currently in shell condition, offering the opportunity for customization. The property is situated on a prominent hard corner near Loyola University, which has a student population of 12,000 undergraduates, ensuring foot traffic and high visibility. The B3-2 zoning allows for a versatile range of business types, from retail to dining to service-oriented establishments. Dedicated surface parking spots provide access for customers and business owners.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6657375
    Latitude
    41.9979613

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    FAQs

    What type of property is this?
    Retail space - 4,332 SF commercial space in Rogers Park/Edgewater for rent.
    Where is this retail space located?
    The property is located at 1401 W Devon Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prominent hard corner location near Loyola University, ensuring high foot traffic.; - 4,332 SF commercial space in a new mixed-use development.; - Customize the space to your specific business needs as it is currently in shell condition.
    (773) 412-7582
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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
    1401 W Devon Ave Chicago, IL 60660
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