Connectez-vous/S’inscrire
Votre e-mail a été envoyé.
5337-5353 W Devon Ave Local commercial 999 m² 85 % Loué À vendre Chicago, IL 60646 1 538 075 € (1 538,92 €/m²) Taux de capitalisation 4,76 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- A well-maintained 7-unit retail strip center totaling 10,683 SF, featuring 14 rear exterior parking spaces and B3-1 zoning.
- All tenants are responsible for their pro-rata share of real estate taxes, insurance, utilities, and maintenance, minimizing ownership costs
- 6 of 7 units are occupied by a mix of food and beverage, fitness, and service tenants on leases extending through 2027-28
- The property is ideally positioned along Devon Avenue in Edgebrook, one of Chicago's most enduring retail corridors
Résumé analytique
Essex Three-Twelve is exclusively engaged in the sale of 5337-5353 W Devon Avenue, a 10,683 square foot, seven-unit retail strip center in the Edgebrook neighborhood of Chicago. Six of seven suites are occupied by a diversified mix of service, food-and-beverage, and fitness tenants on leases extending through 2027 and 2028. All leases are structured on a net basis, with tenants responsible for their pro-rata share of real estate taxes, insurance, and operating expenses, a landlord-favorable structure that significantly reduces ownership costs and provides exceptional income predictability.
At current occupancy, the property generates an NOI of $83,346, reflecting a going-in cap rate of 4.76%. The sole vacancy, a 2,400 SF suite with a projected market rent of $17.00/SF, is the single lever required to achieve full stabilization. Upon lease-up, NOI is projected to grow 66% to $138,687, driving a stabilized cap rate of 7.92%, a cash-on-cash return of 7.09%, and a debt coverage ratio of 1.56x.
Devon Avenue is a well-established, high-traffic retail corridor serving a dense and affluent residential base. The B3-1 zoning accommodates the broadest range of retail and service uses, providing maximum flexibility in lease-up strategy. For investors seeking a predominantly stabilized retail asset with an executable path to enhanced yield, 5353 W Devon Avenue presents a compelling opportunity in the Chicago North Side market.
At current occupancy, the property generates an NOI of $83,346, reflecting a going-in cap rate of 4.76%. The sole vacancy, a 2,400 SF suite with a projected market rent of $17.00/SF, is the single lever required to achieve full stabilization. Upon lease-up, NOI is projected to grow 66% to $138,687, driving a stabilized cap rate of 7.92%, a cash-on-cash return of 7.09%, and a debt coverage ratio of 1.56x.
Devon Avenue is a well-established, high-traffic retail corridor serving a dense and affluent residential base. The B3-1 zoning accommodates the broadest range of retail and service uses, providing maximum flexibility in lease-up strategy. For investors seeking a predominantly stabilized retail asset with an executable path to enhanced yield, 5353 W Devon Avenue presents a compelling opportunity in the Chicago North Side market.
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Type de bien
Local commercial
Sous-type de bien
Bien à usage mixte
Surface de l’immeuble
999 m²
Classe d’immeuble
C
Année de construction/rénovation
1957/2016
Prix
1 538 075 €
Prix par m²
1 538,92 €
Taux de capitalisation
4,76 %
RNE
73 212 €
Pourcentage loué
85 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,59
Surface du lot
0,17 ha
Zonage
Commercial
Caractéristiques
- Climatisation
Exceptionnellement praticable à pied
90/100
Exceptionnellement adapté aux voitures
100/100
Bons transports en commun
70/100
Moyennement praticable en vélo
70/100
Principaux commerces à proximité
Taxes foncières
| Numéro de parcelle | 13-04-102-008-0000 | Évaluation des aménagements | 18 583 € |
| Évaluation du terrain | 24 033 € | Évaluation totale | 42 616 € |
Taxes foncières
Numéro de parcelle
13-04-102-008-0000
Évaluation du terrain
24 033 €
Évaluation des aménagements
18 583 €
Évaluation totale
42 616 €
1 sur 48
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
5337-5353 W Devon Ave
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.