For Sale
$1,850,000

3924 Devon AveLincolnwood, IL 60712

Warehouse, Office, Distribution; High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Lincolnwood, IL investment opportunity presents a 24,175 square foot multi-tenant property currently 98% leased. The property, located at 3924 W Devon Ave, boasts a desirable location near the intersection of Devon and Crawford Avenues, providing convenient access to I-94 (within 5 minutes). The building offers a blend of warehouse and office space, catering to diverse tenant needs. The warehouse component features impressive 18-foot clear heights, two interior depressed loading docks, and one drive-in door, ensuring efficient operations. The office area provides flexible layouts suitable for a variety of businesses. Recent upgrades totaling $150,000 enhance the property's value and appeal. The property includes 51 parking spaces and offers a compelling 6.70% cap rate. This is an ideal investment for those seeking a strong return on investment in a prime location. The property is zoned for office, industrial, distribution, and executive office uses. This well-maintained building presents a rare opportunity to acquire a high-performing asset in a thriving market. The asking price is $1,850,000.

Highlights

  • 98% leased multi-tenant warehouse and office building in Lincolnwood, IL.
  • Excellent location near Devon and Crawford Avenues, with easy I-94 access (within 5 minutes).
  • Warehouse features 18' clear heights, two interior loading docks, and one dock-high door.
  • Flexible office space suitable for various tenants.
  • $150,000 in recent capital improvements.

Property Details for 3924 Devon Ave

Property type
Warehouses, Office properties
Square Feet
24,175 SF

Location Insight

City
Lincolnwood
County
Cook
State
Illinois
Latitude
41.9978382
Longitude
-87.7273523
3924 Devon Ave, Lincolnwood, Illinois

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3924 Devon Ave
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