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Leased Mixed-Use Storefront Property
For Sale
Contact for pricing
Pending

5500-5518 W Devon Avenue, Chicago, IL 60646

Fourteen leased storefronts are complemented by a well-maintained residential apartment.

Property Size13,859 SF
Days on Market479

Property Features for 5500-5518 W Devon Avenue

General Information

Standard status Pending
Size 13,859 SF
Property subtype Mixed Use, Retail
Zoning COMMR
Occupancy 100%

Additional Details

Multifamily Units 1

Building Details

Year Built 1944
Stories 2
Units 18
Tenancy Multi
Listing Agency: Brokerocity Inc
Listed By: Gus Romas · License #475138548
Source: Crexi
Added: May 11, 2025 Changed: Aug 30 Last Checked: Aug 30 at 9:14PM

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 Brokerocity Inc

Investment Insights

Based on property information with market context.

This mixed-use property contains 14 fully leased storefronts together with one well-maintained residential apartment. The storefront component provides a range of commercial spaces within a single property, while the residential unit adds a separate housing component. Built in 1944, the property extends across three streets and is identified with COMMR zoning. Its address is 5500-5518 W Devon Avenue in Chicago, Illinois, with the listing covering 60646.

Key Highlights

  • 14 fully leased mixed‑use storefronts
  • One well‑maintained residential apartment
  • Property spans three streets

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Pharmacy

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

1
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

668
Businesses Nearby
24k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 72% Home Improvements & Furnishings 24% Dining 5%
BP Shops & Services
16,318 visits/mo 0.1 miles
Edgebrook Ace Hardware Home Improvements & Furnishings
5,767 visits/mo 0.1 miles
Domino's Pizza Dining
1,119 visits/mo 0.1 miles
Associated Bank Shops & Services
979 visits/mo 0.1 miles

Demographics for 60646, IL

28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fourteen leased storefronts are complemented by a well-maintained residential apartment.
Where is this mixed-use property located?
The property is located at 5500-5518 W Devon Avenue Chicago, IL.
What are key features of this property?
This property features: 14 fully leased mixed‑use storefronts; One well‑maintained residential apartment; Property spans three streets
More about this property
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