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Zoned Industrial Redevelopment Land
For Sale
Contact for pricing
Pending

404-408 E Devon Ave, Elk Grove Village, IL 60007

2.44± acres of land in Elk Grove Village zoned O-T and B-2, suitable for industrial or manufacturing redevelopment.

Property SizeContact for details
Lot Size2.44 Acres
Days on Market385

Property Features for 404-408 E Devon Ave

General Information

Standard status Pending
Lot size 2.44 Acres
Property subtype Industrial
Zoning O-T, B-2
Investment Type Redevelopment
Listing Agency: john greene Real Estate
Listed By: Shamus Conneely · License #IL 471007958
Source: Crexi
Added: Aug 20, 2025 Changed: Aug 14 Last Checked: Aug 14 at 7:56AM

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 john greene Real Estate

Investment Insights

Based on property information with market context.

Prime 2.44± acres of land zoned O-T and B-2 within Elk Grove Village. The offering is presented as a redevelopment opportunity for industrial and manufacturing investors, with an opportunity to pursue the Cook County Class 6B Tax Incentive.

The property is located within the O’Hare submarket, aligning it with investors seeking industrial or manufacturing presence in that area.

This is a land offering only; details on existing improvements are not provided in the available information.

Key Highlights

  • 2.44± acres of land in Elk Grove Village
  • Zoned O‑T and B‑2
  • Land suitable for industrial or manufacturing redevelopment

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Nail Salon Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - 2.44± acres of land in Elk Grove Village zoned O-T and B-2, suitable for industrial or manufacturing redevelopment.
Where is this industrial land located?
The property is located at 404-408 E Devon Ave Elk Grove Village, IL.
What are key features of this property?
This property features: 2.44± acres of land in Elk Grove Village; Zoned O‑T and B‑2; Land suitable for industrial or manufacturing redevelopment
(630) 229-2290 Call to check price and availability
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