For Sale
$2,000,000

4935 Oakton StSkokie, IL 60077

Downtown Skokie retail building, 6,978 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
124
This 6,978-square-foot storefront building, located at 4935 Oakton Street in downtown Skokie, Illinois, presents a compelling investment opportunity. Built in 1952 and renovated in 2000, the single-story brick structure sits on a prominent 79-foot Oakton Street frontage, benefiting from high daily traffic counts averaging 18,000 vehicles. Currently vacant, the property offers significant potential for redevelopment or lease-up. The interior is well-renovated and adaptable, with existing infrastructure allowing for division into seven separate units, each with its own HVAC and electrical service. The property includes eight parking spaces in the rear, ideal for both employees and customers. The building is zoned CX-Core Mixed, providing flexibility for various uses. The surrounding area boasts strong demographics, with an average household income exceeding $104,000, and is experiencing significant revitalization, including new luxury condominiums and a hotel under construction nearby. This location offers a unique blend of established infrastructure and exciting growth potential, making it an attractive proposition for owner-users or investors seeking a value-add opportunity. The asking price is $2,000,000.

Highlights

  • Prime Oakton Street location in downtown Skokie, strong demographics (avg. $104K HHI).
  • Downtown Skokie experiencing significant new development.
  • Recently renovated interior with potential bow truss roof exposure.
  • Value-add opportunity: Short-term leaseback possible, or immediate vacancy for new tenant or redevelopment.
  • High visibility with 79 feet of Oakton Street frontage and 18,000 VPD.

Property Details for 4935 Oakton St

Property type
Retail properties, Retail space
Square Feet
6,978 SF
Year Built/Renovated
1952/2000
Buildings
1
Stories
1

Location Insight

City
Skokie
County
Cook
State
Illinois
Latitude
42.026248487222
Longitude
-87.751395419923
4935 Oakton St, Skokie, Illinois

FAQs

What type of property is this?
Retail property - Downtown Skokie retail building, 6,978 sq ft.
Where is the retail property located?
The property is located at 4935 Oakton St Skokie, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime Oakton Street location in downtown Skokie, strong demographics (avg. $104K HHI).; Downtown Skokie experiencing significant new development.; Recently renovated interior with potential bow truss roof exposure.
How can I contact the broker?
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4935 Oakton St
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