Chicago MSA | Multi-Tenant Strip Center | 100% Leased

3350-70 W. Devon Avenue Lincolnwood, IL 60712

3350-70 W. Devon Avenue, Lincolnwood, IL, 60712
3350-70 W. Devon Avenue, Lincolnwood, IL, 60712
Property Type:
Strip Center
Last Verified:
Aug 09, 2023


  • 3350-70 W. Devon - FOR SALE
  • Multi-Tenant Strip Center
  • 11,600 SF Building
  • 100% Leased
  • All Leases Converted to Net Leases
  • Significant Annual Escalations
  • Current NOI - $138,237
  • 28 Car Surface Lot (2.4/1,000)
  • Monument Sign Potential
  • Building Demises to Leasable 1,000 SF Spaces For Future Use
  • Excellent Traffic Counts - 23,700 vpd on Devon, 28,100 vpd on Lincoln, 25,400 vpd on McCormick
  • Strong Retail Trade Area
  • Directly Across From Home Depot


SVN Chicago Commercial is pleased to offer 3350-70 W. Devon in Lincolnwood, IL FOR SALE. The subject property is an approximately 11,600 SF multi-tenant strip center that is 100% leased. All leases have recently been converted to Net leases and have significant annual escalations. It has a 28-car surface parking lot and the potential for a monument sign. For future leasing, the building demises down to 1,000 SF spaces. The current Net Operating Income (NOI) is $138,237. Located in the first Suburb north of Chicago, Lincolnwood offers incredible ease of access from the north or downtown via the Edens Expressway (I-94). Devon Avenue, a major East-West thoroughfare sees 23,700 vpd and provides great exposure to the site. Additionally, nearby Lincoln Avenue sees 28,100 vpd and McCormick Blvd. 25,400 vpd. The subject is located in a very strong Retail corridor and sits directly across from The Home Depot. The property is zoned B2 in the Village of Lincolnwood. Please call the advisor for further details.

The Village of Lincolnwood is located approximately 10 miles north of downtown Chicago and serves as the gateway to Chicagoland’s North Shore. It is an affluent and diverse community of 13,463 residents with quaint streets, beautiful neighborhoods and parks, an excellent school system, and a prosperous business community. Strategically located along the Edens Expressway (I-94), Lincolnwood has all the advantages of other thriving suburban communities while also being near Chicago. The Village boasts great markets, a skilled labor pool, a large day-time population, and responsive and efficient local government.

Year Built: 1982
Building Size: 11600sq ft
Lot Size: 0.51 acres


3350-70 W Devon OM

Map of 3350-70 W. Devon Avenue, Lincolnwood, IL, 60712

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.