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    4809 Oakton St Skokie, IL 60077

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    For Sale
    $3,500,000

    1.1 acre redevelopment site near Skokie's renovated downtown district.

    Lot size:
    1.10 Acres

    Property Features for 4809 Oakton St

    General Information

    Lot size
    1.10 Acres

    Source: Colliers | Chicago Rosemont Agent Jeff Harkensee

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

    Overview

    Skokie Redevelopment Site For Sale

    This 1.1-acre redevelopment site is located at the entrance to Skokie's renovated downtown district, steps away from the Oakton Street/Skokie Boulevard intersection. The property features approximately 135 feet of frontage on Oakton Street and is situated across the street from the Skokie Swift commuter rail station. It is less than 2 miles from 4-way interchanges on the Edens Expressway (I-94) at Dempster Street and Touhy Avenue. The current zoning is CX Core Mixed Use, allowing for multi-family, residential, or retail/restaurant developments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7477087
    Latitude
    42.025726

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    FAQs

    What type of property is this?
    Land - 1.1 acre redevelopment site near Skokie's renovated downtown district.
    Where is this land located?
    The property is located at 4809 Oakton St Skokie, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime 1.1-acre redevelopment site.; - Located at the entrance to Skokie's renovated downtown.; - Zoned CX Core Mixed Use: **ideal for multi-family, residential, or retail/restaurant development**.
    (847) 698-8444
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    4809 Oakton St 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
    4809 Oakton St Skokie, IL 60077
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