1. Illinois
2. Chicago
3. 5304 W Devon Avenue

5304 W Devon Avenue, Chicago, IL 60646

• 2,300 sqft

Property Description

Exceptional hands-off investment opportunity in a prime location within Downtown Edgebrook! This property features a 5-year NN+ lease with 2% annual escalations and no landlord property responsibilities, providing a hassle-free ownership experience. The offering is secured by successful operators with two personal guarantees. Additionally, approximately $125,000 worth of restaurant equipment assets currently being used by the tenant, but owned by the landlord, will be transferred with the sale. The building underwent a complete renovation in 2020, with significant upgrades to both the inside and out including the roof, HVAC systems, kitchen exhaust fans, MAU units, walk-in coolers and freezer, and tankless water heaters. The property is ideally located in a high retail trade corridor with exceptional visibility and accessibility. Situated just 0.2 miles from the Edgebrook Metra Station and having a daily combined traffic count of 70,000+, this location benefits from both high foot and vehicular traffic. Don't miss this turn-key investment opportunity in a thriving community!

Listing Status:

Active

Listing Office:

Compass : 847-638-2659

Listing Agent:

Thomas Wagner : 847-638-2659

MLS ID:

12307014

Interior

• Flooring: TileWood
• A/C: Central Air

Location

Lot

Utilities

Financial

This listing courtesy of Thomas Wagner, Compass