Three-Unit Commercial
For Sale
$1,200,000
701 Devon Avenue, Park Ridge, IL 60068
COMMERCIAL - Park Ridge, IL
Lot Size0.15 Acres
Days on Market145
Property Features for 701 Devon Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
On Devon Ave, just east of Greenwood Ave and west of Cumberland Ave.
Subdivision
Park Ridge
Standard status
Active
APN
12022020360000
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
36902
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Rubber
Listing Agency:
Home Gallery Realty Corp.
(773) 909-3346
Listed By:
Gerard Scheffler
(847) 696-7580
Added: Mar 7
Changed: Jun 11
Last Checked: Jul 30 at 2:06PM
MLS# 12586321
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale 3-unit commercial building at 701–701.5–703 Devon Avenue offers versatile interior space for retail, office, service businesses, showroom, studio, or mixed commercial use. The property is fully leased with all three units occupied by long-term tenants, supporting an income-producing setup. Ample parking is available on site, and the building benefits from street-level commercial character suitable for a range of business types.
The building is positioned on Devon Avenue, a high-traffic corridor in Park Ridge. The property is described as offering strong visibility and daily vehicle exposure, with the Devon Avenue corridor carrying approximately 20,000–26,000 vehicles per day. Convenient access to major roads and public transportation is also noted.
For tenants, the flexible configuration can accommodate a variety of commercial uses depending on unit size and layout. For buyers, the fully occupied structure presents a straightforward ownership path with long-term occupants in place. Unit 703 is currently occupied by the “Fish Time” traditional smoked fish business, which is available for sale together with the building as a combined real estate and business opportunity.
The building is positioned on Devon Avenue, a high-traffic corridor in Park Ridge. The property is described as offering strong visibility and daily vehicle exposure, with the Devon Avenue corridor carrying approximately 20,000–26,000 vehicles per day. Convenient access to major roads and public transportation is also noted.
For tenants, the flexible configuration can accommodate a variety of commercial uses depending on unit size and layout. For buyers, the fully occupied structure presents a straightforward ownership path with long-term occupants in place. Unit 703 is currently occupied by the “Fish Time” traditional smoked fish business, which is available for sale together with the building as a combined real estate and business opportunity.
Key Highlights
- Prime location on high‑traffic Devon Avenue with 20,000‑26,000 vehicles per day, offering excellent visibility.
- Fully leased 3‑unit commercial building providing stable income from long‑term tenants.
- Versatile interior space suitable for various commercial uses: retail, office, service businesses, showroom, studio, or mixed use.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Shell
Shops & Services
12,382 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,581 visits/mo
0.1 miles
Huntington Bank
Shops & Services
4,209 visits/mo
0.5 miles
Marathon
Shops & Services
3,744 visits/mo
0.0 miles
PNC Bank
Shops & Services
2,740 visits/mo
0.0 miles
Demographics for 60068, IL
39,672
Population
15,999
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,435
Density / Sq Mi
$138,201
Median Household Income
$78,495
Median Earnings
$1,511
Median Rent
$539,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Le Langage Des Fleurs — 705 Devon Ave, Park Ridge, IL 60068
Frequently Asked Questions
What type of property is this?
Storefront property - Three fully occupied units on Devon Avenue provide flexible space for retail, office, service, showroom, or mixed use.
Where is this storefront property located?
The property is located at 701 Devon Avenue Park Ridge, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location on high‑traffic Devon Avenue with 20,000‑26,000 vehicles per day, offering excellent visibility.; Fully leased 3‑unit commercial building providing stable income from long‑term tenants.; Versatile interior space suitable for various commercial uses: retail, office, service businesses, showroom, studio, or mixed use.
