4935 Oakton StSkokie, IL 60077

Property Details for 4935 Oakton St

Year built

1952

Lot size

0.07 AC

Property type

Retail space

APN

10-28-202-003

APU

1028202003

Description

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.

Location Insight

City

Skokie

County

Cook

State

Illinois

Latitude

42.026

Longitude

-87.7515

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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