2944 W Devon Avenue
Chicago, IL 60659

Tools & Resources:

Description

Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage visibility. Very heavy pedestrian traffic, Very vibrant retail area. On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units. Rear parking lot with 2 spaces, Close to area expressways and Public transportation options include CTA Bus Stops along Devon Avenue. This property is surrounded by retail and restaurants. Area retailers include, Dunkin, city fresh market, Anmol barbeque, Dollar tree, Delhi Darbar Kabab House, Kol Tuv Kosher Foods, Rosens Morse view Pharmacy, The Turnkey Bakery is also for sale for $400,000. Price is negotiable, Please note; Ownership will listen to all offers within reason. Do not bother tenants, Please call listing agent for a showing.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60659
• Year Built: 1970
• Sq.Ft.: 8,975 sq ft
• Stories: 3
• Units: 8 units
• Zoning: COMMR
• # Of Apts: 7
• # Of Stores: 1
• # Of Tenants: 8
• Approximate Age: 36-50 Years
• Building Area Total: 8975
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.5
• Construction Materials: Brick
• Cooling: Wall Sleeve
• Directions: McCormick to devon, east to address
• Electric: Circuit Breakers
• Electric Expense: 2000
• Fire Protection: Alarm On Site, Ansul System, Smoke or Fire Protectors
• Flooring: Varies
• Foundation Details: Concrete Perimeter
• Fuel Expense: 3000
• Geographic Locale: Chicago North
• Gross Income: 141000
• Gross Rent Multiplier: 11.3
• Gross Scheduled Income: 141000
• Heat/Ventilation: Central Bldg Heat
• Information: List Broker Must Accompany
• Insurance Expense: 12000
• Location: Central Business District, Mixed Use Area, Public Transport Avail
• Lot Size Square Feet: 6250
• Main Type: Commercial Sale
• Misc Inside: Multi-Tenant
• Operating Expense: 21000
• Outdoor Parking: 6-12 Spaces
• Ownership Type: General Partnership
• Property Sub Type: Mixed Use
• Retail SqFt: 3300
• Roof: Membrane
• Tax Annual Amount: 12286
• Tax Year: 2022
• Tenant Pays: Electricity, Varies by Tenant
• Total Monthly Income: 11800
• Trash Expense: 672
• Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
• Water Drainage: Drainage Ways, Storm Sewers
• Water Sewer Expense: 1500
• Water Source: Community Water, Municipal Water