701 Devon Avenue, Park Ridge, IL 60068
Cook County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1950
Stories
1
Lot Size
6,380 sq ft
Lot Dimensions
58x110
Zoning
COMMR
Days on Market
103
MLS® Listing#
12586321
Property Features
Cooling
Construction
Roof
Utilities
Financial Details
Annual Taxes
$36,902
Tax year 2024
Parcel Number
12022020360000
Directions
On Devon Ave, just east of Greenwood Ave and west of Cumberland Ave.
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $960,000 · Est. interest $1,339,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Park Ridge, IL
- $351,225
- Median Listing Price
- 31
- Median Days on Market
- 1,664
- Median Sq Ft
- $213
- Median Price / Sq Ft
- 1,044
- Active Listings
- This home’s price is 242% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Park Ridge, IL.
Location
Getting Around
Points of Interest in Park Ridge, IL
Showing the Park Ridge area map.
Nearby Schools
Theodore Roosevelt Elementary School
Elementary · 0.1 mi away
Mary, SEAT of Wisdom School
School · 0.3 mi away
Sugar Plum Tree Preschool
School · 0.4 mi away
District 64 Park Ridge-Niles
School · 0.8 mi away
Board of Education
Secondary · 0.8 mi away
St. Paul of the Cross School
Elementary · 0.9 mi away
Park Ridge Public Schools
School · 0.9 mi away
Resurrection High School
Secondary · 1.0 mi away
Edison Park Elementary School
Elementary · 1.0 mi away
Lincoln Middle School
Secondary · 1.0 mi away
Maine Township High School District 207
Secondary · 1.0 mi away
St Paul Lutheran School
School · 1.1 mi away
Maine South High School
Secondary · 1.1 mi away
St. Andrews Lutheran School
School · 1.2 mi away
Ebinger Elementary School
Elementary · 1.3 mi away
Brickton Montessori School
Secondary · 1.3 mi away
Immaculate Conception School
School · 1.4 mi away
St Juliana School
Secondary · 1.5 mi away
St Eugene School
Secondary · 1.5 mi away
Pennoyer School District 79
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8609 W 121st Street, Palos Park, IL | $850,000 | 4 | 3 | 3,245 |
| 980 Half Day Road, Highland Park, IL | $850,000 | 4 | 4 | 3,000 |
| 16215 Massimo Drive, Orland Park, IL | $853,830 | 4 | 3 | 3,363 |
| 805 N 22nd Avenue, Melrose Park, IL | $869,700 | — | — | 5,655 |
| 1538 Oakwood Avenue, Highland Park, IL | $873,500 | 4 | 2 | 2,622 |
| 400 Bramble Lane, Deer Park, IL | $874,900 | 5 | 3 | 2,684 |
Moving Cost Estimate
EXIT Agents in Park Ridge
Listing Courtesy: Home Gallery Realty Corp. - 7739093346
Last Updated: 2026-03-07