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About This Home

This 0-bedroom, 0-bathroom commercial at 701 Devon Avenue in Park Ridge, IL is listed for $1,450,000. Built in 1950, on a 0.15 acres lot.

Agent Description

FOR SALE: FOR SALE: 3-UNIT COMMERCIAL BUILDING located at 701-701.5-703 Devon Ave, Park Ridge, IL 60068. Prime multi-tenant commercial property situated on high-traffic Devon Avenue offering excellent visibility and strong daily vehicle exposure. This versatile property features flexible interior space suitable for retail, office, service businesses, showroom, studio, or mixed commercial use.

All three units are fully occupied by long-term tenants, providing stable income and an attractive investment opportunity. Property offers ample parking, strong signage potential, and a strategic location surrounded by established businesses and residential neighborhoods.

Convenient access to major roads and public transportation. Outstanding opportunity to own a high-visibility commercial asset in one of Park Ridge's most active business corridors. * Fully leased * Long-term tenants * Income producing * Devon Ave traffic.

The established "Fish Time" traditional smoked fish business operating in Unit 703 is available for sale together with the building as a combined real estate and business opportunity. Traffic Exposure: Devon Avenue corridor carries ~20,000-26,000 vehicles per day, providing strong visibility and daily customer exposure.

Key Features

  • Built in 1950
  • 0.15 acre lot

Property Details

1 story
1950

Amenities

A/C

Monthly Cost Estimate

$7,755/mo

20% down · 6.5% · 30 years

Principal$1,049
Interest$6,283
Insurance$423

Estimates only. Actual payments may vary.

Location

701 Devon Avenue

Park Ridge, IL 60068

Property Details

Construction

Brick

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 701 Devon Avenue is listed at $1,450,000. The estimated monthly payment is $6,283 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.15 acre lot.

This property is listed by Gerard Scheffler and can be reached at (847) 696-7580 or schefflergerard@gmail.com.

GS

Gerard Scheffler

Agent at Home Gallery Realty Corp.

(847) 696-7580

Listed by Home Gallery Realty Corp.

MLS# 12586321· Source: listhub· Updated 86 days ago

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701 Devon Avenue, Park Ridge, IL 60068

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