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    Skokie Commercial Property For Sale

    3654-3656 Oakton Street Skokie, IL 60076

    Claim this Listing
    For Sale
    Under Contract
    $849,000

    COMMERCIAL - Skokie, IL

    Property size:
    3,964 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $214/SF
    Added:
    Dec 4, 2025
    Days on Market:
    220
    Last Refresh:
    Jul 12 at 2:06 am

    Property Features for 3654-3656 Oakton Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active Under Contract
    APN
    10233320460000
    Size
    3,964 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    24630

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick, Concrete

    Listing agent Mark Ahmad License #471007186

    Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL

    Listing date Dec 4, 2025

    MLS# 12526529

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in Skokie's commercial, industrial, and business corridor, this property houses a successful body shop and custom wheelchair van/mobility conversion shop. The sale encompasses both the business and the real estate, featuring two combined buildings that can be separated, with two addresses and two pin numbers. Its central location offers convenient access to interstates I-90, I-94, and I-294, as well as Lake Shore Drive, the Northwestern Suburbs, O'Hare Airport, and downtown Chicago. The property is situated across the street from the Amazon fleet station. The building has a total area of 3,964 square feet and is zoned M-2, which allows for light industry, operation manufacturing, service, and automotive uses. The property includes business, equipment, and real estate. The lot size is 0.1263 acres. The property consists of two buildings currently combined, with pin numbers 10233320290000 and 1023332030000. The property is located in Cook County, Illinois.

    Key Highlights

    • Includes business, equipment, and real estate.
    • Strategic location with quick access to I‑90, I‑94, I‑294, Lake Shore Dr., O'Hare Airport, and downtown Chicago.
    • M‑2 zoning allows for light industry, manufacturing, service, and automotive use.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $85.6k $21.60
    − Vacancy −$7.0k −$1.77
    EGI $78.6k $19.83
    − OpEx −$23.6k −$5.95
    NOI $55.0k $13.88
    3,964 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $786.0K
    $687.8K – $917.0K (±1% cap)
    NOI $55,021 @ 7.0% cap · market cap 6.48%
    Second Best
    Industrial
    $243.8K
    $213.3K – $284.4K (±1% cap)
    NOI $17,064 @ 7.0% cap · market cap 2.01%
    Theoretical Best
    Office A
    $1.37M
    $1.20M – $1.60M (±1% cap)
    NOI $95,801 @ 7.0% cap · market cap 11.28%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Dental Office Law Firm Hotel & Motel Parking Lot & Garage Nail Salon Hair Salon Spa & Massage Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Auto shop - Commercial property in Skokie's business corridor, includes business and real estate.
    Where is this auto shop located?
    The property is located at 3654-3656 Oakton Street Skokie, IL.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Includes business, equipment, and real estate.; Strategic location with quick access to I‑90, I‑94, I‑294, Lake Shore Dr., O'Hare Airport, and downtown Chicago.; M‑2 zoning allows for light industry, manufacturing, service, and automotive use.
    Contact an agent
    (312) 513-4490
    We can help!
    Contact an agent
    Mark Ahmad
    Mark Ahmad
    Real Estate License ID: 471007186
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