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Multi-Tenant Strip Center
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3350 W Devon Ave, Lincolnwood, IL 60712

Fully leased retail property with net leases, surface parking, and B2 zoning in Lincolnwood’s established commercial corridor.

Property Size11,600 SF
Days on Market144

Property Features for 3350 W Devon Ave

General Information

Standard status Active
Size 11,600 SF
Total Parking Spaces 28
Property subtype Retail
Zoning B2
Occupancy 100%
Net Operating Income $138,237

Site & Location

Traffic Count 23,700 vehicles/day
Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: SVN | Chicago Commercial
Listed By: Adam Napp, CCIM · License #475134494
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:52PM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This multi-tenant strip center contains approximately 11,600 SF of retail space and is fully leased. Existing tenancy is structured under net leases with significant annual escalations. The building can be configured into spaces as small as 1,000 SF for future leasing flexibility, and the property includes a 28-car surface parking lot. Monument signage is identified as a potential future improvement.

The property occupies a Devon Avenue commercial corridor in Lincolnwood, directly across from The Home Depot. Devon Avenue carries 23,700 vpd, while nearby Lincoln Avenue and McCormick Boulevard carry 28,100 vpd and 25,400 vpd, respectively. Access to the site and the surrounding Chicago area is supported by the Edens Expressway (I-94). The property is zoned B2 and is approximately 10 miles north of downtown Chicago.

Key Highlights

  • Approximately 11,600 SF multi‑tenant strip center
  • 100% leased with recently converted Net leases and significant annual escalations
  • 28‑car surface parking lot

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Catering Service Acupuncture Restaurant

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

23,700 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,328
Businesses Nearby
94k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Groceries 27% Dining 14% Electronics 2%
Binny's Beverage Depot Groceries
25,707 visits/mo 0.3 miles
Mobil Shops & Services
17,932 visits/mo 0.2 miles
BP Shops & Services
11,741 visits/mo 0.5 miles
Starbucks Dining
10,879 visits/mo 0.4 miles
Mobil Shops & Services
9,417 visits/mo 0.3 miles

Demographics for 60712, IL

13,463
Population
4,987
Households
2.7
Avg Household Size
46
Median Age
57%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,986
Density / Sq Mi
$107,950
Median Household Income
$60,315
Median Earnings
$3,501
Median Rent
$475,400
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
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Frequently Asked Questions

What type of property is this?
Strip mall - Fully leased retail property with net leases, surface parking, and B2 zoning in Lincolnwood’s established commercial corridor.
Where is this strip mall located?
The property is located at 3350 W Devon Ave Lincolnwood, IL.
What are key features of this property?
This property features: Approximately 11,600 SF multi‑tenant strip center; 100% leased with recently converted Net leases and significant annual escalations; 28‑car surface parking lot
(312) 789-4864 Call to check price and availability
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