Listing provided courtesy of Home Gallery Realty Corp.MREDas Distributed by MLSGrid- MLS# 12586321
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Request Info701 Devon AvenuePark Ridge, IL 60068
Commercial$1,200,000
Active
701 Devon Avenue Overview
- Time on Site:
- 114 days
- Visits:
- 0
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.
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701 Devon Avenue Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Fuel Expense: 0
- Insurance Expense: 5880
- Net Operating Income: 0
- Water Sewer Expense: 550
Building Information
- Year Built: 1950
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Cook
- MLS Area Major: Park Ridge
Rent/Lease Information
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Insurance, Scavenger, Sewer, Other, Varies by Tenant
Tax Information
- Tax Annual Amount: $36,902.00
- Tax Year: 2024
General Information
- Parcel Number: 12022020360000
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 0
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Leasable Area: 3500
- Stories: 1
Unit Information
- Unit SqFt.: 2571
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street,Public Road,Alley Access
- Lot Size Dimensions: 58x110
- Lot Size Square Feet: 6380
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Rubber
General Information
- Number Of Units Total: 3
- Utilities: Electric to Site,Natural Gas Available,Water Available
701 Devon Avenue Neighborhood
Community
60068 (Park Ridge) Demographics
45
Median Age
5,251
Population Density (per sq. mile)
68%
College Educated
$113,909
Estimated Median Income
11,894
Estimated Total Home Owners
2,478
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.701 Devon Avenue Monthly Cost
701 Devon Avenue Market Data
Based on the last 30 days in this zip code
$727,278
Average List Price
$327
Average Price per Square Foot
35
Properties Sold
34
Average Days on Market
108
Properties for Sale
701 Devon Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: MRED | Active |
|
| 6/11/2026Source: MRED | $1,200,000 -17.2% |
|
| 6/11/2026Source: MRED | Price Change |
|
| 3/12/2026Source: MRED | Active |
|
| 3/7/2026Source: MRED | March 07, 2026 |