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    5222 W Touhy Ave Skokie, IL 60077

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    For Sale
    $2,380,952

    NNN leased retail property in Skokie with high traffic.

    Property size:
    2,004 SF
    Lot size:
    2.91 Acres

    Property Features for 5222 W Touhy Ave

    General Information

    Size
    2,004 SF
    Lot size
    2.91 Acres

    Source: HMX Realty Advisors - Corporate 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair 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
    -87.7590583
    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.
    (212) 972-7457
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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
    5222 W Touhy Ave Skokie, IL 60077
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