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$1,450,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 10 hours ago
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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.

Full Property Details for 701 Devon Ave

General

  • Price: $1,450,000
  • Taxes: $36,902 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12586321
  • Updated: 3/7/2026
  • Added to Site: 1 day(s) ago

Additional Information

  • Security/Safety: Alarm Monitored, Alarm on Site

Location

  • Area: Park Ridge
  • County: Cook
  • Driving Directions: On Devon Ave, just east of Greenwood Ave and west of Cumberland Ave.
  • Location Details: Public Transport Avail, In City Limits, High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Onsite: Electricity to Site, Natural Gas Available, Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Roof: Rubber
  • Stories/Levels: 1
  • Current Bldg. Use: Commercial
  • Year Built: 1950

Unit Information

  • # Tenants: 3
  • Extra Storage Avail: Yes

Lot Features

  • Lot Size (Sq. Ft.): 6,380
  • Lot Dimensions: 58 x 110
  • Frontage: City Street, Public Road, Alley Access
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Insurance Fee: $5,880
  • Security Deposit: Alarm Monitored, Alarm On Site
  • Assessment Year: 1950
  • Tax Amount: $36,902
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Insurance, Scavenger, Sewer, Other, Varies by Tenant

Disclosures and Reports

  • Property ID: 12022020360000

Listed by Home Gallery Realty Corp.

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Listing agent

— 701 Devon Ave —

  • Home Gallery Realty Corp.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 701 Devon Ave

School Districts:Park Ridge Consolidated Community School District 64, Maine Township High School District 207
NameGradesDistance
Theodore Roosevelt Elementary School
1001 South Fairview Avenue, Park Ridge, IL 60068
K-50.2 mi
Lincoln Middle School, Park Ridge, IL
200 South Lincoln Avenue, Park Ridge, IL 60068
6-81 mi
Maine South High School
1111 South Dee Road, Park Ridge, IL 60068
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 701 Devon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/07/2026
Listed
$1,450,000
326.47%
MLS
3/15/2018
Sold
$340,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 701 Devon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$34,552
4%
$128,376
—
2022
$33,119
-3%
$128,376
14%
2021
$34,080
3%
$113,000
—
2020
$32,935
-10%
$113,000
-20%
2019
$36,610
45%
$140,939
58%
2018
$25,318
1%
$89,215
—
2017
$25,121
4%
$89,215
—
2016
$24,178
-20%
$89,215
-10%
2015
$30,091
2%
$98,742
—
2014
$29,496
6%
$98,742
—
2013
$27,937
-14%
$98,742
-27%
2012
$32,654
—
$135,068
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Home Gallery Realty Corp.

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701 Devon Avenue, Park Ridge, IL 60068 (MLS# 12586321) is a Commercial property. 701 Devon Avenue is currently listed for $1,450,000 and was received on March 07, 2026. Want to learn more about 701 Devon Avenue? Do you have questions about finding other Commercial real estate for sale in Park Ridge? You can browse all Park Ridge real estate or contact a Coldwell Banker agent to request more information.

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