3934-3950 W Devon Ave | Lincolnwood, IL 60712
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3934-3950 W Devon Ave
Lincolnwood, IL 60712
Retail Property For Sale
Executive Summary
A 26,123 square foot commercial/retail shopping center located in the north suburbs of Chicago, situated in Lincolnwood. This 5-tenant asset is anchored by a drive-thru CVS Pharmacy and features a diverse roster of daily-needs oriented tenants such as Dunkin’, H&R Block, a hair salon and a tobacco shop. This location offers key visibility points plus easy access via car, transit and foot. CVS Pharmacy has renewed for another 5 years at the center. Positioned at the intersection of Devon and Crawford Avenues with over 11,602 vehicles per day, the property is centrally located amidst a dense residential area within the heart of Lincolnwood. The property is in close proximity to Lincolnwood Town Center, which is a heavy traffic attractant. This shopping center offers investors the unique opportunity to acquire a drug-anchored retail center with income security from long-term leases. Other tenants in the area include nationals such as Walgreens, Walmart, Kohl’s, Planet Fitness and several other retailers. There are 864,356 people living within five miles of the property earning an average annual household income of $100,216.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
25,500 SF
Building Class
B
Year Built
2003
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.81 AC
Zoning
N/Av, Lincolnwood
Parking
60 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,123,068 CAD | |
Land Assessment | $466,776 CAD | Total Assessment | $1,589,844 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$466,776 CAD
Improvements Assessment
$1,123,068 CAD
Total Assessment
$1,589,844 CAD
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