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23166281
23166275

5400-5416 W Devon Avenue, Chicago, IL 60646

Akton Realty Corporation
Listed by Akton Realty Corporation
$2,950,000
419 days on market
Updated 60 days ago

5400-5416 W. Devon Avenue

Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, Restaurant
Square Footage 18,000
Cap Rate 8.00%
NOI $290,155
Occupancy 89%
Tenancy Multi
Buildings 2
Stories 2
Acreage 0.220

Desirable Edgebrool/ Sauganash area

Marketing description

Akton Realty presents The Shoppes of Edgebrook. This investment consists of a two-story mixed-use building, constructed in 1947, that is considered the gateway to Sauganash/Edgebrook neighborhoods on Chicago’s northwest side, and an adjacent single story multi-tenant building. The corner building is an 11,200-square foot building is situated on .22 acres and holds the northwest corner of Devon and Central Avenues, and the adjacent building is a 6,800 square foot building containing four separate commercial units on a .28-acre site. The Property is located in the downtown shopping district and benefits from heavy foot and vehicular traffic. Shoppes of Edgebrook is situated 500 feet from the Metra Edgebrook Station’s MD-N Line, and the CTA bus routes run along both Devon and Central Avenues.

The iconic corner property includes a lease with Starbucks through 2026 and Sunflower Day Care Center on the first floor. The second floor is office space currently accommodates a realty company, a dental practice, and a therapist practice. The adjacent single-story property is leased to Domino’s Pizza, Mona’s Sweet Shop, King Pho restaurant and a vacant unit which can be leased to provide additional income. Both properties feature off-street parking in the rear. The Shoppes of Edgebrook presents investors with the opportunity to acquire a prominently located asset at a stop lighted corner with stable and diverse income

Investment highlights

  • Two Buildings Containing18,000 square feet with private off-street parking
  • Effective Gross Income of $415,965 and Actual Net Income of $290,155
  • 89% Leased by 8 tenants including Starbucks, Domino’s, and Sunflower Day Care Center
  • Devon Avenue – 22,500 Vehicles Per Day / Central Avenue 16,200 Vehicles Per Day
  • Catering to the affluent northwest Chicago communities of Edgebrook, Sauganash and Lincolnwood
  • Immediate access to public transportation including CTA and PACE bus and Metra train
  • Minutes to I-94 Expressway
  • Situated within an established commercial district

Listing Contacts

Akton Realty Corporation
Listed by Akton Realty Corporation

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$290,155.00
$24,179.58/mo

Valuation Metrics

0
DSCR
9.84%
Cap Rate
9.84%
ROI

Map

Zoning

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B1-1 CommercialNeighborhood CommercialNeighborhood Shopping District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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