5035 Oakton Street, Skokie, IL 60077 | Listings

5035 Oakton Street, Skokie, IL 60077

  • $899,999
  • Year Built: 1952
  • Commercial
  • Listing #11282720

Property Description

Retail and/or multi-family re-development opportunity on prime Oakton street in downtown Skokie, IL. 5,000 SF single story retail with separate storage building in back AND parking lot. Perfect for owner user, corner location with good visibility and potential parking for up to 30 cars. Opportunity for multi-family development. Existing zoning and parking requirements allow developer to build +/- 25 units above ground floor retail. Under storefront enhancement program the Village will match up to $43,000 for certain retail and restaurant tenants. There is a ton of new development blocks away from the subject property. Across the street and currently under construction is a 153 unit Helmut Jahn designed apartment building. The developers of this project anticipate rental rates in the range of $2.60 per square foot. Anticipated completion is early 2022. One block to the East will be a soon to be constructed 142 room (with conference center and 30,000 SF of retail) Homewood Suites by Hilton. Three blocks to the East is the Illinois Science and technology park, a 23 acre campus that will grow to 2 million square feet with over 4,000 jobs directly in the park. Four blocks to the East of the subject property is the Yellow line train.

Listing Details

Price$899,999
Year Built1952
Property TypeCommercial
Listing #11282720
StatusActive
CountyCook
Listing TypeFor Sale

Interior Features

Heating and CoolingCentral Air

Miscellaneous

MLS AreaSkokie

Courtesy of Daniel Rosenberg and Peter Lynn, Building Equity

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This content last updated on 1/26/2022 3:51 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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