If you just need a pass/fail, you could use ERRORLEVEL in a batch/cmd script. It's primitive, but would probably work for most cases. Something like this:
@devenv Solution.sln /Build
@if ERRORLEVEL 1 echo Build Failed
You could also use MSBuild, which has options for console output (i.e. /clp:ErrorsOnly) as well as file output. Something like this:
msbuild /p:Configuration=Debug /t:Rebuild /clp:ErrorsOnly Solution.sln