3924 Devon Ave Lincolnwood, IL 60712-1040
- Industrial properties
- 0.10 lot acres
Current Use by Public Records
- Corporate Art Group Chicago / Contractor
- Frame Factory / Picture Frame Shop
- Peace Express Inc / Trucking Company
- Creative Art Solutions / Art Gallery
- Business Technology Solutions / Telecommunications Equipment Supplier / Telecommunications Service Provider
Property Details for 3924 Devon Ave
- Year built
- 1977
- Lot size
- 0.10 lot acres
- Property type
- Industrial properties
- APN
- 10-35-327-007
- APU
- 1035327007
Description
This exceptional Lincolnwood, IL investment opportunity presents a 24,175 square foot multi-tenant property currently 98% leased. The property, located at 3924 W Devon Ave, boasts a desirable location near the intersection of Devon and Crawford Avenues, providing convenient access to I-94 (within 5 minutes). The building offers a blend of warehouse and office space, catering to diverse tenant needs. The warehouse component features impressive 18-foot clear heights, two interior depressed loading docks, and one drive-in door, ensuring efficient operations. The office area provides flexible layouts suitable for a variety of businesses. Recent upgrades totaling $150,000 enhance the property's value and appeal. The property includes 51 parking spaces and offers a compelling 6.70% cap rate. This is an ideal investment for those seeking a strong return on investment in a prime location. The property is zoned for office, industrial, distribution, and executive office uses. This well-maintained building presents a rare opportunity to acquire a high-performing asset in a thriving market. The asking price is $1,850,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincolnwood
- County
- Cook
- State
- Illinois
- Longitude
- -87.7273
- Latitude
- 41.9979
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
