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Property profile & analytics

1116 W Devon Ave Elk Grove Village, IL 60007

  • Retail space
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-0702485
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • A Transportation / Trucking Company
  • Ben & Sons Garage Door Repair LLC / Garage Door Supplier

Property Details for 1116 W Devon Ave

Property type
Retail space
APN
08-31-400-077
APU
831400077

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Elk Grove Village
County
Cook
State
Illinois
Longitude
-88.0288
Latitude
41.9937
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,553
$7,225
$23,390
$30,615
-
$28,900
$93,560
$122,460
More about this property
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