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Leased Mixed-Use Storefront Property
For Sale
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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 Market526

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
Source: Crexi
Added: May 11, 2025 Changed: Oct 7 Last Checked: Oct 16 at 7:47AM

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

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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

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

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
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