5337-5353 W Devon Ave

5337-5353 W Devon Ave, Chicago, IL 60646

Property Information

  • For Sale $1,750,000
  • Property Type Retail - Strip
  • Property Size 10,683 SF
  • Units 7
  • Lot Size 0.07 Acre
  • Year Built 1957
  • Date Updated Jul 18, 2026

Description

5337-5353 W Devon Avenue is positioned along one of Chicago's most enduring North Side commercial corridors, in Edgebrook, carrying tens of thousands of vehicles per day and serving as the primary retail spine for established neighborhoods including Norwood Park, Edgebrook, Forest Glen, and Edison Park. The site is exceptionally well-served by public transit, with the CTA Route 155 (Devon) bus running directly along the corridor and the Metra Edgebrook station on the Milwaukee District North Line located less than a half-mile east on Devon Avenue, providing commuter rail access to Union Station and channeling daily traffic through the immediate trade area. Community demand generators further amplify the location's retail draw: Edgebrook Golf Course in the Northern Forest Preserve District, Indian Boundary Park (a 13-acre Chicago Landmark), and the Stadium at Devon & Kedzie, which draws approximately 17,000 youth athletes annually, all contribute consistent, recurring foot traffic that is uniquely well-suited to the neighborhood-serving tenants that anchor this strip center.Introducing an exceptional retail investment opportunity in the Edgebrook neighborhood of Chicago – a prime 10,683 SF building housing 7 units, built in 1957 and thoughtfully zoned B3-1. Located in a highly desirable area with strong foot traffic near the Edgebrook Metra train stop, this property is an attractive prospect for retail and strip center investors seeking a well-established, income-generating asset. This property offers a solid foundation for long-term success in the Chicago market. Don't miss the chance to capitalize on this high-potential retail investment in one of the city's most sought-after locations.

Highlights

  • A well-maintained 7-unit retail strip center totaling 10,683 SF, featuring 14 rear exterior parking spaces and B3-1 zoning.
  • All tenants are on net leases, responsible for their pro-rata share of real estate taxes, insurance, utilities, and maintenance, minimizing ownership costs and providing strong income predictability.
  • Six of seven units are occupied by a diversified mix of food and beverage, fitness, and service tenants on leases extending through 2027 and 2028, each with extension options.
  • The property is ideally positioned along Devon Avenue in Edgebrook, one of Chicago's most enduring retail corridors, benefiting from high vehicle counts, strong pedestrian foot traffic, and direct Metra commuter rail access nearby.

Contacts

Location

Located at 5337-5353 W Devon Ave, Chicago, IL 60646, this property is part of the Edgebrook neighborhood and Chicago market.

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