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    8046 Lincoln Ave Skokie, IL 60077

    Sponsored
    For Sale
    $1,000,000

    Four-unit retail building, fully leased, high returns.

    Property size:
    6,326 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully leased, four-unit retail building situated in the heart of downtown Skokie, Illinois. The property, located at 8046 N Lincoln Avenue, boasts a total of 6,326 square feet and sits on a prime corner lot, ensuring maximum visibility and accessibility. Currently enjoying 100% occupancy, the building features strong, reliable tenants, providing a consistent stream of income and minimizing management demands. Each of the four units is designed to attract and retain high-quality tenants, offering versatility for a diverse range of retail businesses. The vibrant and bustling location in downtown Skokie guarantees high foot traffic, ensuring consistent customer flow for tenants. This translates to a stable and lucrative investment, ideal for both seasoned investors seeking to expand their portfolio and those new to commercial real estate looking for a low-management, high-return property. The solid brick construction ensures durability and longevity, further enhancing the value of this exceptional investment opportunity. The asking price for this prime retail property is $1,000,000. This represents a compelling opportunity to acquire a well-established, income-producing asset in a thriving downtown location.

    Property Features for 8046 Lincoln Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,326 SF

    Building Details

    Year Built
    1957
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.75481
    Latitude
    42.02765

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    FAQs

    What type of property is this?
    Commercial real estate - Four-unit retail building, fully leased, high returns.
    Where is this commercial real estate located?
    The property is located at 8046 Lincoln Ave Skokie, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (847) 763-0200
    Request Owner's contact information
    8046 Lincoln Ave Skokie, IL 60077
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    Skokie, IL 60077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8046 Lincoln Ave Skokie, IL 60077
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