Signalized-Corner Showroom
New
For Sale
$1,550,000
4935 Oakton Street, Skokie, IL 60077
Commercial Sale, Skokie, IL
Property Size7,000 SF
Lot Size0.25 Acres
Price / SF$221.43
Days on Market2
Property Features for 4935 Oakton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Take I-94 North to Oakton St. exit, head east to downtown Skokie, one block east of Lincoln Ave./Oakton St.
Subdivision
Skokie
Standard status
Active
APN
99999999000000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
72726
Utilities
Cooling system
Central Air
Building Details
Year built
1956
Floors in Building
1
Number of units
7
Building materials
Brick
Listing Agency:
Core Realty & Investments, Inc
(224) 235-4336
Listed By:
Maxim Gorenyuk · License #475138942
(847) 912-8897
Added: Sep 14
Last Checked: Sep 15 at 7:06AM
MLS# 12759204
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.
This single-story showroom property is constructed of brick and includes central air. The building has operated as an upscale furniture showroom since 1992 and provides approximately 79 feet of frontage along Oakton Street. Eight dedicated parking spaces serve the property, with additional street and public parking nearby.
Positioned at a signalized intersection in Downtown Skokie, the site is exposed to approximately 19,050 vehicles per day. The Oakton-Skokie CTA Yellow Line station is approximately 3 blocks away, and I-94 / Edens Expressway is minutes from the property. The location is also near Skokie Village Hall, the public library, restaurants, retail, residential neighborhoods, major employers, and the Illinois Science + Technology Park.
Positioned at a signalized intersection in Downtown Skokie, the site is exposed to approximately 19,050 vehicles per day. The Oakton-Skokie CTA Yellow Line station is approximately 3 blocks away, and I-94 / Edens Expressway is minutes from the property. The location is also near Skokie Village Hall, the public library, restaurants, retail, residential neighborhoods, major employers, and the Illinois Science + Technology Park.
Key Highlights
- Approximately 79 feet of frontage on Oakton Street
- Signalized intersection with exposure to approximately 19,050 vehicles per day
- Single‑story brick showroom building with central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,362,500
$2.4M
Cap Rate 7%
$1,687,500
$1.7M
Cap Rate 9%
$1,312,500
$1.3M
Market Conditions
NOI Build-Up for 7,000 SF
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.
Gross rent
$210.0K $30.00/SF
− Vacancy
−$21.0K −$3.00/SF
EGI
$189.0K $27.00/SF
− OpEx
−$70.9K −$10.13/SF
NOI
$118.1K $16.88/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,362,500
Cap Rate 7%
$1,687,500
Cap Rate 9%
$1,312,500
Alternative Uses
Best Use
Mixed Use
$1.69M
$1.48M – $1.97M
NOI $118,125 @ 7.0% cap · market cap 7.62%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,175 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19,050 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,444
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 37%
Dining 14%
Home Improvements & Furnishings 11%
Aldi
Groceries
15,453 visits/mo
0.1 miles
Chase Bank
Shops & Services
10,444 visits/mo
0.2 miles
Village Inn
Dining
6,020 visits/mo
0.3 miles
Ace Hardware Of Skokie
Home Improvements & Furnishings
3,660 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
2,429 visits/mo
0.4 miles
Demographics for 60077, IL
28,856
Population
11,317
Households
2.5
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
6,870
Density / Sq Mi
$80,765
Median Household Income
$40,996
Median Earnings
$1,450
Median Rent
$327,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Showroom - Single-story commercial building with Oakton Street frontage, dedicated parking, and access to nearby CTA transportation.
Where is this showroom located?
The property is located at 4935 Oakton Street Skokie, IL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 79 feet of frontage on Oakton Street; Signalized intersection with exposure to approximately 19,050 vehicles per day; Single‑story brick showroom building with central air
