Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5225 Old Orchard Rd Skokie, IL 60077

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    140,000+ SF office space in Chicago's desirable North Shore.

    We can help!

    Listing Contact
    Jim Postweiler
    Source: Nmrk

    Listing Agency: Newmark | Chicago Listing Agent: Jim Postweiler

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

    Learn more

    Overview

    North Shore Office Portfolio Opportunity

    The North Shore Office Portfolio offers the opportunity to acquire over 140,000 square feet of office space. The portfolio is located within the affluent suburbs of Chicago. Tenancy is comprised of local businesses with local clientele. The North Shore Office portfolio is ideally located along I-94 and centrally located within Chicago’s North Shore. I-94 provides direct access to the major thoroughfares that connect highly affluent suburbs such as Northbrook, Glencoe, Winnetka, Northfield, Wilmette & Glenview.
    Location Intelligence

    Current Use by Public Records

    Robin's Key Speech, ... Physician Skokie Office Rental Real Estate Agency Fitzpatrick Kevin W Foster Care Service Nourish Integrative Solutions Physician Law Offices of Jonathan ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7583754
    Latitude
    42.0621582

    Nearby Similar for Sale

    • $624,000
      4,700 SF

      Versatile Skokie Commercial/Industrial Property

      Light manufacturing/warehouse property suitable for various commercial uses.
      8030 Lawndale Ave, Skokie, IL 60076
      View Details
    • $799,000
      4,900 SF

      Skokie Commercial Building For Sale

      Versatile commercial building suitable for retail, office, showroom, medical use.
      4125 Oakton St, Skokie, IL 60076
      View Details
    • $799,000
      7,500 SF

      Skokie Retail Plaza Opportunity

      Six-unit retail plaza with upside potential in Skokie, Illinois.
      3718 Dempster St, Skokie, IL 60076
      View Details
    • $849,000
      3,964 SF

      Skokie Commercial Property For Sale

      Commercial property in Skokie's business corridor, includes business and real estate.
      3654-3656 Oakton St, Skokie, IL 60076
      View Details
    • $999,000
      7,404 SF

      Skokie Commercial Property For Sale

      Two-building commercial property in Skokie's business corridor.
      3650-3656 Oakton St, Skokie, IL 60076
      View Details
    • $599,000
      3,440 SF

      Skokie Commercial Property with Business

      Commercial property with established business in Skokie, Illinois.
      3650 Oakton St, Skokie, IL 60076
      View Details
    • $1,249,000
      0.32 Acres

      Skokie Retail Building For Sale

      Prime retail space in a thriving commercial area.
      8301 Skokie Blvd, Skokie, IL 60077
      View Details
    • $115,000

      Turnkey Restaurant Business Opportunity

      Established restaurant business for sale in Skokie, Illinois.
      3457 Dempster St, Skokie, IL 60076
      View Details
    • New
      $675,000

      Skokie Brick Multifamily Property

      Well-maintained Skokie multifamily property with updated features and basement unit.
      8940 Lamon Ave, Skokie, IL 60077
      View Details
    • $799,000
      2,500 SF

      Skokie Mixed-Use Building For Sale

      Two-story mixed-use building near Skokie downtown action and entertainment.
      7880 Lincoln Ave, Skokie, IL 60077
      View Details
    • $889,900
      0.11 Acres

      Skokie Turn-Key Investment Opportunity

      Fully occupied four-unit property with strong cash-flow potential in Skokie.
      4956 Louise St, Skokie, IL 60077
      View Details
    • New
      $669,900

      Skokie Two-Flat with In-Law Suite

      Two 3-bedroom units plus 2-bedroom in-law suite near CTA.
      5032 Crain St, Skokie, IL 60077
      View Details

    FAQs

    What type of property is this?
    Office building - 140,000+ SF office space in Chicago's desirable North Shore.
    Where is this office building located?
    The property is located at 5225 Old Orchard Rd Skokie, IL.
    What are key features of this property?
    This property features: - Portfolio of over 140,000 SF of high-performing office space.; - Located in the desirable and affluent North Shore suburbs of Chicago.; - Centrally located with direct access to I-94.
    (847) 971-5850
    Request Owner's contact information
    5225 Old Orchard Rd Skokie, IL 60077
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5225 Old Orchard Rd
    Skokie, IL 60077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5225 Old Orchard Rd Skokie, IL 60077
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Postweiler
    (847) 971-5850 (312) 224-3194 (312) 698-6700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!