16
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$700,000
Est. payment /mo
2,300 SqFt
Active
5304 W Devon Avenue Chicago, IL 60646
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Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $304
MLS Listing ID 12307014
Year Built 1964
Annual Tax Amount $17,886
Tax Year 2023
Lot Dimensions 25 X 114
Property Sub-Type Retail/Stores
Property Description
Exceptional hands-off investment opportunity in a prime location within Downtown Edgebrook! This property features a 5-year NN+ lease with 2% annual escalations and no landlord property responsibilities, providing a hassle-free ownership experience. The offering is secured by successful operators with two personal guarantees. Additionally, approximately $125,000 worth of restaurant equipment assets currently being used by the tenant, but owned by the landlord, will be transferred with the sale. The building underwent a complete renovation in 2020, with significant upgrades to both the inside and out including the roof, HVAC systems, kitchen exhaust fans, MAU units, walk-in coolers and freezer, and tankless water heaters. The property is ideally located in a high retail trade corridor with exceptional visibility and accessibility. Situated just 0.2 miles from the Edgebrook Metra Station and having a daily combined traffic count of 70,000+, this location benefits from both high foot and vehicular traffic. Don't miss this turn-key investment opportunity in a thriving community!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Tile, Wood
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
View Y/N true
Others
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Listed by Thomas Wagner • Compass