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2205-2211 Devon Ave Chicago, IL 60659

OFF-MARKET Land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 23,000-square-foot commercial land parcel is strategically located at the intersection of Devon Avenue and Levitt Street in Chicago's vibrant Devon Avenue business corridor. Boasting over 180 feet of frontage on Devon Avenue, this C 2-2 zoned property presents a multitude of development opportunities. Its prime location offers easy access to Loyola University's campus, Hoyne Fields and Soccer Park, Lake Shore Drive, major roadways, interstates, O'Hare Airport, and the northwest suburbs. The site is surrounded by a dense concentration of retailers, benefiting from high foot traffic and visibility. The property's versatility allows for a wide range of uses, including mixed-use projects (retail and apartments), apartments, condominiums, hotels/motels, restaurants, office spaces, and more. A bus stop is conveniently located directly in front of the property. The 2023 real estate taxes were $19,100. This is a rare opportunity to acquire a significant development site in a thriving Chicago neighborhood. All information is believed to be accurate but should be independently verified.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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