Eric Schlutz, ALC
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1950
General Information
County: Cook
Listed By:
Home Gallery Realty Corp.
773-909-3346
MRED MLS
MLS ID: 12794872
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701 Devon Avenue, Park Ridge, IL 60068.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $999,000 | $999,000 | $999,000 |
| Down Payment | $199,800 | $34,965 | $249,750 |
| Monthly Mortgage Amount | $5,184 | $6,444 | $6,424 |
| Taxes | $1390 | $1390 | $1390 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $600 | $0 |
| Monthly Estimated Total | $6,865 | $8,725 | $8,105 |
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