The Shoppes of Edgebrook | 5416 W Devon Ave
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The Shoppes of Edgebrook 5416 W Devon Ave
17,710 SF 100% Leased Retail Building Chicago, IL 60646 $2,950,000 ($167/SF) 8.81% Cap Rate
Investment Highlights
- IRREPLACEABLE, DENSE, URBAN INFILL REAL ESTATE: Located in Chicago’s Edgebrook neighborhood.
- DARK STARBUCKS: Starbucks is dark but paying all obligations per their lease through February 28, 2026.
- FREE AND CLEAR OFFERING
- VALUE-ADD OPPORTUNITY: The Property is currently 83% occupied with two vacant units.
- EXCELLENT ACCESS & TRANSIT ORIENTED SITE: 200 feet east of Metra’s Edgebrook Station providing direct access to downtown Chicago
- ROBUST CHICAGO MSA: Chicago is home to the 3rd largest economy and is the third most populous MSA in the nation (Chicago MSA Population: 9.6 million)
Executive Summary
MOTIVATED SELLER!
Qualified investors are extended the opportunity to acquire a 100% fee interest in The Shoppes of Edgebrook, a 17,710-square-foot retail center. The property is 83% occupied with essential tenants including Domino’s, Sunflower Academy, Israel Warrens Dentistry, and KingPho. The Property is located at the high-traffic intersection of Devon and Central Avenues in the Edgebrook neighborhood of Chicago with over 36,300 vehicles passing per day. Edgebrook is a densely populated, affluent neighborhood on the northwest side of the city, approximately 12 miles from downtown Chicago. The Property is situated 200 feet from the Metra’s Milwaukee District North train station, providing direct access to Chicago’s central business district.
Qualified investors are extended the opportunity to acquire a 100% fee interest in The Shoppes of Edgebrook, a 17,710-square-foot retail center. The property is 83% occupied with essential tenants including Domino’s, Sunflower Academy, Israel Warrens Dentistry, and KingPho. The Property is located at the high-traffic intersection of Devon and Central Avenues in the Edgebrook neighborhood of Chicago with over 36,300 vehicles passing per day. Edgebrook is a densely populated, affluent neighborhood on the northwest side of the city, approximately 12 miles from downtown Chicago. The Property is situated 200 feet from the Metra’s Milwaukee District North train station, providing direct access to Chicago’s central business district.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,710 SF
Building Class
C
Year Built
1946
Price
$2,950,000
Price Per SF
$167
Cap Rate
8.81%
NOI
$259,934
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.94
Land Acres
0.21 AC
Zoning
B1-1
Amenities
- Bus Line
- Commuter Rail
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $421,693 | |
| Land Assessment | $94,919 | Total Assessment | $516,612 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$94,919
Improvements Assessment
$421,693
Total Assessment
$516,612
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The Shoppes of Edgebrook | 5416 W Devon Ave
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