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    5834 Howard St Skokie, IL 60077

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    For Sale
    $875,000

    NNN investment property in Skokie, Illinois, perfect for 1031 exchange.

    Building Details

    Year built
    1971
    Source: Corcoran

    Listing Agent: Michael Rourke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Skokie NNN Investment Property

    This NNN investment property, situated on Howard Street in Skokie, Illinois, is offered for sale. The property is suitable for a 1031 exchange. The building has a total area of 4850 square feet and is currently leased to a single tenant. The landlord's responsibilities are limited to the roof and structure of the building. The property is priced at an 8.8 cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shop On Vine Vineyard

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7736725
    Latitude
    42.0194948

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    FAQs

    What type of property is this?
    NNN property - NNN investment property in Skokie, Illinois, perfect for 1031 exchange.
    Where is this nnn property located?
    The property is located at 5834 Howard St Skokie, IL.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - 8.8 Cap Rate; - NNN Investment Property; - Perfect 1031 Exchange Candidate
    (312) 506-0200
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    5834 Howard St 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
    5834 Howard St Skokie, IL 60077
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