Industrial Condo with Dock
3400-3450 Oakton St Skokie, IL 60076
3400-3450 Oakton St, Skokie, IL, 60076
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For Sale
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Industrial condo includes four dock doors, two drive-in doors, and 17’ clear ceiling height.
Property Size67,700 SF
Lot Size9.55 Acres
Price / SF$117.43
Days on Market168
Property Features for 3400-3450 Oakton St
General Information
- Standard status
- Active
- Size
- 67,700 SF
- Lot size
- 9.55 Acres
- Property subtype
- Industrial
Listing agency
Strauss Realty
(847) 334-2587
Listed by
MJ Weinberger · License #IL 475183341
Source
Crexi
Added: Feb 3 Updated: Jul 20 at 9:36PM Checked: Jul 20 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strauss Realty
Investment Insights
Based on property information with market context.
This industrial condo totals 67,700 SF and is divisible from 25,000 SF within a 198,200 SF complex. The space offers 17’ clear ceiling height with four dock doors and two drive-in doors. Ample parking is available, including truck parking.
Located at 3400-3450 Oakton St in Skokie, IL 60076, the property provides convenient regional access to I-94.
The configuration supports a range of industrial uses, including warehousing, distribution, or light manufacturing, with the site set on 9.55 acres and designed to accommodate vehicle parking needs.
Located at 3400-3450 Oakton St in Skokie, IL 60076, the property provides convenient regional access to I-94.
The configuration supports a range of industrial uses, including warehousing, distribution, or light manufacturing, with the site set on 9.55 acres and designed to accommodate vehicle parking needs.
Key Highlights
- 67,700 SF industrial condo in a 198,200 SF complex, divisible from 25,000 SF
- Zoned M3 with 17’ clear ceiling height and flexible layout for warehousing, distribution, or light manufacturing
- 4 dock doors plus 2 drive‑in doors for loading and access
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $438.7k | $6.48 |
| − Vacancy | −$22.4k | −$0.33 |
| EGI | $416.3k | $6.15 |
| − OpEx | −$62.4k | −$0.92 |
| NOI | $353.9k | $5.23 |
67,700 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.06M
$4.42M – $5.90M
NOI $353,874 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$4.16M
$3.64M – $4.86M
NOI $291,426 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$23.37M
$20.45M – $27.27M
NOI $1,636,161 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- CubeSmart Self Storage — 2484 Oakton St, Evanston, IL 60202
- Public Storage — 8050 N McCormick Blvd, Skokie, IL 60076
- Extra Space Storage — 7540 N McCormick Blvd, Skokie, IL 60076
- The Moving Experts, Inc.'s — 3419 w howard st, skokie, il 60076
- CubeSmart Self Storage — 3526 Oakton St, Skokie, IL 60076
FAQs
What type of property is this?
Warehouse - Industrial condo includes four dock doors, two drive-in doors, and 17’ clear ceiling height.
Where is this warehouse located?
The property is located at 3400-3450 Oakton St Skokie, IL.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 67,700 SF industrial condo in a 198,200 SF complex, divisible from 25,000 SF; Zoned M3 with 17’ clear ceiling height and flexible layout for warehousing, distribution, or light manufacturing; 4 dock doors plus 2 drive‑in doors for loading and access
