5430 West Devon Avenue
Transit-Oriented Corner Retail Center | Thriving Chicago Neighborhood
Marketing description
Qualified investors are presented with the opportunity to acquire 100% fee simple interest in 5430 Devon Avenue, an 11,902-square-foot neighborhood retail center located in Chicago's thriving Edgebrook community. The property features a diversified tenant roster including USPS, Baird & Warner, Archie Doratie Co, Tax, Titles & Plates, and Little Nest, providing a blend of daily needs and service-oriented uses.
Strategically positioned at the intersection of Devon Avenue (22,400 VPD) and Kinzua Avenue, the property benefits from excellent visibility and is located just steps from Metra's Milwaukee District North Edgebrook Station. Edgebrook, one of Chicago's most desirable neighborhoods, offers a dense residential base, high barriers to entry, and exceptional household incomes. The property is currently 87.4% occupied, presenting investors with an immediate opportunity to boost NOI through the lease-up of the 1,500-square-foot vacancy.
Investment highlights
- VALUE-ADD OPPORTUNITY - 5430 Devon is 87.4% occupied, with 1,500 square feet of shop space available to lease up.
- STRONG OPERATING HISTORY - The property benefits from a weighted average lapsed lease term of 19.45 years.
- EXCELLENT ACCESS & TRANSIT-ORIENTED SITE - The Property is highly visible from Devon Avenue (22,300 VPD), a major east-west thoroughfare. The site is also within close proximity to Caldwell Avenue (19,900 VPD), Central Avenue (16,000 VPD), and Interstate 94 (146,700 VPD), providing incredible access to the site from all directions.
- 5430 Devon is located immediately east of Metra's Milwaukee District North Edgebrook Station.
- IRREPLACEABLE, DENSE, URBAN INFILL REAL ESTATE - Located in Chicago's Edgebrook neighborhood.
- ROBUST CHICAGO MSA - Chicago is home to the third-largest economy and is the third most populous MSA in the nation (Chicago MSA Population: 9.6 million).
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