Price Reduction
Address
3320 W Devon Avenue, Lincolnwood, IL
Price
$ 1,559,000
Property Attributes
  • MLS#11835339
  • TypeBusiness Op
  • CountyCOOK
  • CityLincolnwood
  • AreaLincolnwood
  • Zip60712
  • StyleDry Cleaner
  • Taxes$ 49840
  • Price$ 1,559,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4200
  • Lot Size6,264 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

"Building/Real Estate and Lease sale only, EXCLUDING the one CD cleaner business". Single tenant triple net lease investment property on bustling Devon Ave./McCormick Blvd. heavy intersection at Christiana Ave., just across the street from the City of Chicago limit/boundaries. Single-story building occupied by the CD One price Cleaners, approximately 4,200 Sq. ft. located at strong retail corridor across from the Home Depot, Chase Bank. USA Postal Service, and steps to Ross for Less, TJ Maxx, Panera, Starbucks, with minutes to Lowe's, Kohl's, Walmart, Mariano's, and many others, occupied by the CD One Price Cleaners with over 40 locations in the Midwest and has been operating strongly in this location since 2011. A 10-year term lease started in 2021 till 2031, with 7-year and a five-year option remaining, both with rent increases every 5 years. Rear parking along Parkway in front of the building and public parking on the side of the building.

Price History
7/26/2023 Listed $1,650,000
2/6/2024 4% - $1,599,000
2/29/2024 2% - $1,579,000
4/4/2024 2% - $1,559,000

General Features

Cooling Central Air
Possession Closing
Tenant Pays Other
Stories 1
Tax Year 2021
Current Use Commercial
Business Type Dry Cleaner
County Cook
Property Type Business Opportunity
Status Active
Directions North on McCormick then left on Devon
City Lincolnwood
MLS Area Lincolnwood
Lot Size Square Feet 6264
Street Name Devon
Tax Annual Amount 49840
Additional Parcels Y/N No
Days on Market 260
Standard Status Active
Property Type Bus / Bus w/Real Est

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 4200
Lot Dimensions 6264

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 60712

Price
AVG $1.56M
$1.56M
Taxes
AVG $49,840
$49,840
Visits
AVG 160
159
Data Provided by Inside Real Estate®
Walkscore
AVG 84
84
Data Provided by Walkscore® not using MLS data

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