Sign up to get new listings emailed daily! JOIN SIGN IN

Rockford, Illinois Homes & Real Estate For Sale
Cell: (815) 222-8800

Real Estate Agent Chad Pierce

Chad Pierce

Cell: (815) 222-8800
Rockford

Refine Search

5337 W Devon Avenue, Chicago, IL 60646

$1,750,000
SAVE TOUR PROPERTY
  • 5337 W Devon Avenue, Chicago, IL 60646 Main Photo

42 Total Photos [Click to View All]

Active
SQUARE FEET10,683 MLS#12682191
STATUSActive PROPERTY TYPECommercial - Retail
TOUR PROPERTY
Call / TEXT TO ME / Map Listing / Print / Share / Email

Property Description

Prime Chicago Commercial Investment Opportunity: Edgebrook Market multi-tenant neighborhood retail strip center located at 5337-5353 W Devon Ave. This single-story commercial asset spans a gross rentable area of 10,683 SF across 7 highly visible units with one divisible vacant storefront. Situated on a prime corner lot with direct frontage on high-traffic Devon Ave, the property features a dedicated 14-space exterior parking lot and essential rear logistics access via a 16 ft. public alley. Investment Highlights: Immediate Value & Upside: Features a strong going-in cap rate of 4.76%, with a clear path to a 7.92% projected stabilized cap rate upon lease-up of the sole 2,400 SF vacancy (Suite 5347). Low-Management Structure: Fully operational under net lease structures where tenants contribute to taxes, insurance, and maintenance, minimizing landlord overhead. Favorable Zoning: Robust B3-1 (Business Shopping District) zoning supports a diversified, recession-resilient mix of established local service, fitness, and restaurant tenants. Perfect for 1031-exchange or portfolio-driven investors seeking an income-generating asset with verified upside in a high-demand, stable Chicago location.

5337 W Devon Avenue | MLS# 12682191

This commercial property located at 5337 W Devon Avenue, Chicago, IL 60646 is currently listed for sale with an asking price of $1,750,000. Search Chicago real estate on cpierce.gogambino.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Individual
Lot Size: 0.36 Acres
Roof Type: Membrane
Stories: 1.0
Taxes: $54,350
Year Built: 1957

Feature Descriptions

Current Use: Commercial
Electric: Separate Meters
Exterior: Brick, Brick/Stone Msn Pred
Fire Protection: Fire Extinguisher/s
Flooring: Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, Alley Access
HVAC: Central Heat/Indiv Controls
Location: Central Business District, Corner, Public Transport Avail, Free Standing/Urban
Lot Dimensions: 15681
Miscellaneous Indoor: Multi-Tenant, Public Restroom/s
Number of Tenant(s): 7
Parcel#: 13041020080000
Parking: 13-18 Spaces
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger
Units: 7
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Listed By / Shown By

Listed By

Agency Name: Essex 312, LLC
Agency Phone: 773-305-4858

Shown By

Agent Name: Chad Pierce
Agent Phone: Cell: (815) 222-8800
Agency Title: Gambino Realtors

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/22/2026. The listing information on this page last changed on 07/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/22/2026 12:04:20 AM EST) or MRED MLS (last updated Tue 07/21/2026 11:58:05 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 07/21/2026 10:17:21 PM EST) or Northern Illinois Commercial Association Realtors (last updated Tue 07/21/2026 2:10:06 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
This site is hosted, designed and copyright © 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --