701 Devon Avenue Park Ridge, IL $ 1,450,000
701 Devon Avenue
$ 1,450,000
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701 Devon Avenue

Park Ridge, IL, 60068
$ 1,450,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,928

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Commercial Property for sale in Park Ridge, IL

for $1,450,000. This building was built in 1950 on a lot size of 0.146465.

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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Commercial Active

Price

$ 1,450,000

Property Type

Commercial

Taxes

$ 36,902

Style

Commercial

Lot Size

0.146465

Year Built

1950

Town/City

Park Ridge

County/Region

Cook

MLS | Web ID

12586321

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Water Available
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1950
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Insurance Scavenger Sewer Other Varies by Tenant
Stories Count 1
Tax Year 2024
Current Use Commercial
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Insurance Expense 5880
Property Type Commercial Sale Retail/Stores
Status Active
Directions On Devon Ave just east of Greenwood Ave and west of Cumberland Ave.
City Park Ridge
Number Of Units Total 3
MLS Area Park Ridge
Lot Size Square Feet 6380
Tax Annual Amount 36902
Fuel Expense 0
Water Sewer Expense 550
Additional Parcels Y/N N
Leasable Area 3500
Standard Status Active
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Exterior
Building Area Total 0
Lot Dimensions 58x110
Frontage Type City Street Public Road Alley Access
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* Excluded Features
List By
Home Gallery Realty Corp.

Broker

schefflergerard@gmail.com

Email

Affordability Calculator

$12,003
Per Month
74%
26%
0%
Monthly Principal & Interest
$8,928
Monthly Property Taxes
$3,075
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2026$1,450,000 Listed Price

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701 Devon Avenue, Park Ridge, IL, 60068 is a Commercial Property for sale at $1,450,000 with a lot size of 0.146465. 701 Devon Avenue was built in 1950. The property's zip code is 60068 which is in Park Ridge, IL