Eric Schlutz, ALC
Description
Now available for sale, this approximately 5,350 sq. ft. mixed-use commercial property at 2112-2116 W. Devon Ave presents an exceptional investment and owner-user opportunity in the heart of Chicago's vibrant West Ridge neighborhood. The offering includes three storefronts: two vacant, combined commercial spaces (2114-2116) ready for immediate occupancy or customization, plus 2112 W. Devon Ave, currently leased to an established tire shop generating $1,200 per month in rental income. Zoned B3-2, the property offers outstanding flexibility for a wide range of permitted uses, including retail, restaurant, medical, dental, professional offices, fitness, personal services, educational facilities, automotive-related businesses, and other commercial or mixed-use concepts (subject to city approval). The combined vacant space features an existing commercial restaurant exhaust hood, a private office, three half bathrooms, expansive open areas, and a versatile layout that can easily accommodate a variety of business operations. Located on busy Devon Avenue, the property benefits from excellent visibility, strong daily vehicle and pedestrian traffic, convenient public transportation, and quick access to Western Avenue and major expressways. Surrounded by established businesses, restaurants, medical offices, and a dense residential community, this location provides a built-in customer base and strong long-term commercial potential. Whether you're an investor seeking income with value-add potential or an owner-user looking to occupy a prime commercial location while benefiting from existing rental income, this property offers exceptional flexibility and opportunity in one of Chicago's most established business corridors. Contact the listing agent today to schedule a private showing.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1924
General Information
County: Cook
Listed By:
Charles Rutenberg Realty
630-929-1100
MRED MLS
MLS ID: 12722261
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2114 W Devon Avenue , Chicago, IL 60659.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $589,000 | $589,000 | $589,000 |
| Down Payment | $117,800 | $20,615 | $147,250 |
| Monthly Mortgage Amount | $2,940 | $3,608 | $3,668 |
| Taxes | $820 | $820 | $820 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $259 | $0 |
| Monthly Estimated Total | $3,932 | $4,859 | $4,660 |
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