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    5203 Old Orchard Rd Skokie, IL 60077

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    For Lease
    Contact for pricing

    Restaurant space in turnkey condition near Old Orchard and Edens Expressway.

    Property size:
    6,895 SF
    Lot size:
    0.17 Acres

    Property Features for 5203 Old Orchard Rd

    General Information

    Size
    6,895 SF
    Lot size
    0.17 Acres

    Source: Citadel Property Advisors Agent Michael Havdala

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

    Overview

    Turnkey Restaurant Space Near Expressway

    This +/- 6,895 square foot restaurant space is in turnkey condition. It is located across the Edens Expressway from Old Orchard, situated at a full interchange with the expressway and a stoplight to the southbound ramp. The property is on the ground floor of a 225-room Hampton Inn and next door to a 140-room Extended Stay America. The location is near numerous successful restaurants, including Cheesecake Factory, Maggiano’s, Hampton Social, and Uncle Julio’s, with new additions Capital Grille and Bar Siena.
    Location Intelligence

    Current Use by Public Records

    Sweet Basil Cafe ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7563786
    Latitude
    42.0619174

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    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant space in turnkey condition near Old Orchard and Edens Expressway.
    Where is this turn key restaurant located?
    The property is located at 5203 Old Orchard Rd Skokie, IL.
    What are key features of this property?
    This property features: - Turnkey 6,895 SF restaurant space.; - Located across from Old Orchard near Edens Expressway.; - Ground floor of a 225-room Hampton Inn and next to a 140-room Extended Stay America.
    (312) 312-9944
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    5203 Old Orchard Rd 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
    5203 Old Orchard Rd Skokie, IL 60077
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