5222 W Touhy Ave Skokie, IL 60077
NNN leased retail property in Skokie with high traffic.
Property size:
2,004 SFLot size:
2.91 AcresProperty Features for 5222 W Touhy Ave
General Information
- Size
- 2,004 SF
- Lot size
- 2.91 Acres
Source:
Moodyscre
Listing Agent: Andrew Greenberg
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Skokie Retail Property on Touhy
This retail property is located on Touhy Avenue in Skokie, Illinois, within the third largest metro in the United States. The property benefits from high traffic volume, with approximately 38,000 vehicles per day. It is surrounded by major national retailers, including Target, Costco, Walmart, Dick’s Sporting Goods, and Best Buy. The property is suitable for investors seeking stable, passive income from a management-free asset, making it an ideal 1031 exchange opportunity. The surrounding area has strong suburban demographics, with approximately 175,000 people residing within a 3-mile radius and average household incomes of $137,850 within a 1-mile radius. The property is subject to a new 20-year lease. The tenant is responsible for all repairs and maintenance during the lease term, and the rental payments are absolute net to the Landlord. The property contains 2,004 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Skokie
- County
- Cook
- State
- Illinois
- Longitude
- -87.7590583
- Latitude
- 42.0124385
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FAQs
What type of property is this?
Retail space - NNN leased retail property in Skokie with high traffic.
Where is this retail space located?
The property is located at 5222 W Touhy Ave Skokie, IL.
What is the asking price?
The asking price for this property is $2,380,952.
What are key features of this property?
This property features: - High-income demographics: $137,850 average household income within a 1-mile radius.; - New 20-year absolute net lease: Tenant responsible for all repairs and maintenance.; - Ideal 1031 exchange opportunity: Management-free asset providing stable passive income.