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    Property profile & analytics
    OFF-MARKET
    Retail space

    1116 Devon Ave 3B, Elk Grove Village, IL 60007-3214

    Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-0702485
    Property summary
    AI-generated overview

    This exceptional 1,850 square foot single-tenant office space is ideally situated in Elk Grove Village, Illinois, at 1116 W Devon Ave, 60007. The property boasts a prime location within the Elk Grove Village Devon and 53 submarket cluster, offering excellent visibility and accessibility. The building is a one-story structure, providing convenient single-level access. The interior is currently configured as a functional office space, featuring a spacious open reception area, two private offices perfect for individual work or small teams, a well-equipped kitchen area with ample counter space and a table for informal meetings, a dedicated storage room for supplies and equipment, and two bathrooms for employee and client convenience. The property's strategic location offers significant advantages, with proximity to major expressways ensuring easy commutes for employees and clients. The surrounding area is vibrant and bustling, with a high concentration of businesses and residential communities, creating a strong customer base and high foot traffic. Nearby amenities include a popular bar, a banquet hall, a hotel, a highly-rated Italian restaurant, an eye doctor's office, a salon, and a bank, providing convenience and attracting potential clients. Ample parking is available, particularly during the day, ensuring easy access for employees and visitors. This versatile space is suitable for a variety of office uses, including medical, traditional, executive, creative, and coworking arrangements. This is a truly remarkable opportunity to establish or expand your business in a thriving and well-connected location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    APN 08-31-400-077
    UPID US28-0702485
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • A Transportation Trucking Company
    • Ben & Sons Garage Door Repair LLC Building Supply General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Agron Karafili
    Agron Karafili
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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