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2858 Devon Ave Chicago, IL 60659

OFF-MARKET Retail properties & Spaces Google Maps
3,700 SF
Entity Owned 4-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US28-0041114

Property summary

AI-generated overview

This 3,700 square foot, single-story restaurant building at 2858 W Devon Avenue in Chicago, IL is available for $899,000. Located in a vibrant commercial and residential area, this property boasts a beautiful, open layout with no interior columns, a large commercial kitchen fully equipped, two updated bathrooms, and two entrances. The B1-2 zoning allows for a variety of uses, including but not limited to medical offices, retail spaces, or professional services. The building includes all real estate, equipment, and fixtures, making it a truly turnkey operation. With ample meter parking on Sacramento Avenue, convenient access to public transportation (steps from a bus stop), and proximity to major roads and interstates, this property presents a unique investment opportunity. The lot size is 3,762 square feet. The property's 2023 real estate taxes were $23,330. This location is in the bustling Devon Avenue business corridor, near California Avenue and Kedzie Avenue, surrounded by a mix of commercial and residential properties, including various restaurants, shops, and banks. The building's adaptable design makes it suitable for a wide range of businesses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,700 SF
UPID US28-0041114

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
2 recorded transactions
2022
$800,000
2020
Price N/A

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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