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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

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.
More about this property
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