Warehouse with Loading
3400 Oakton Street, Skokie, IL 60076
For Sale
$7,950,000
Lease options span a portion or the full building, with truck parking available.
Property Size67,700 SF
Price / SF$117.43
Days on Market286
Property Features for 3400 Oakton Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Building Details
Building Size
Listing Agency:
Strauss Realty Ltd
(773) 736-3600
Listed By:
Moshe Weinberger · License IL #475183341
(847) 334-2587
Source:
Premier-relocation
Added: Feb 2
Changed: Nov 9
Last Checked: Nov 13 at 3:19PM
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 Ltd
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Investment Insights
Based on property information with market context.
The 67,700-square-foot warehouse offers lease configurations from 25,000 to 67,700 square feet or a sale of the full property. Building features include 17-foot ceilings, 2 drive-in doors and 4 dock doors. Parking accommodates approximately 100 vehicles, and truck parking is available.
In Skokie, the property is 4 miles, or about a 10-minute drive, from the I-94 interchange at Touhy Avenue. O'Hare International Airport is 11 miles away, and downtown Chicago is 14 miles away. Nearby businesses and retailers include Subaru, Floor & Decor, Public Storage, Signarama, IDT, Home Depot, Sam's Club, Target, Walmart and Lincolnwood Town Center.
In Skokie, the property is 4 miles, or about a 10-minute drive, from the I-94 interchange at Touhy Avenue. O'Hare International Airport is 11 miles away, and downtown Chicago is 14 miles away. Nearby businesses and retailers include Subaru, Floor & Decor, Public Storage, Signarama, IDT, Home Depot, Sam's Club, Target, Walmart and Lincolnwood Town Center.
Key Highlights
- 67,700‑square‑foot warehouse; available for purchase or lease from 25,000 to 67,700 square feet
- 17‑foot ceiling height
- 2 drive‑in doors and 4 docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$353,874
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,077,480
$7.1M
Cap Rate 7%
$5,055,343
$5.1M
Cap Rate 9%
$3,931,933
$3.9M
Market Conditions
NOI Build-Up for 67,700 SF
Gross rent
$438.7K $6.48/SF
− Vacancy
−$22.4K −$0.33/SF
EGI
$416.3K $6.15/SF
− OpEx
−$62.4K −$0.92/SF
NOI
$353.9K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,077,480
Cap Rate 7%
$5,055,343
Cap Rate 9%
$3,931,933
Alternative Uses
Best Use
Warehouse
$5.06M
$4.42M – $5.90M
NOI $353,874 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.00M
$22.75M – $30.33M
NOI $1,819,776 @ 7.0% cap · market cap 22.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
17 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60076, IL
34,295
Population
11,908
Households
2.9
Avg Household Size
42
Median Age
52%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
6,725
Density / Sq Mi
$103,870
Median Household Income
$50,336
Median Earnings
$1,576
Median Rent
$381,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Cook County, IL
Properties on Market for Warehouses in Cook County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- The Moving Experts, Inc.'s — 3419 w howard st, skokie, il 60076
- Extra Space Storage — 7540 N McCormick Blvd, Skokie, IL 60076
- CubeSmart Self Storage — 3526 Oakton St, Skokie, IL 60076
- CubeSmart Self Storage — 2484 Oakton St, Evanston, IL 60202
- Public Storage — 8050 N McCormick Blvd, Skokie, IL 60076
Frequently Asked Questions
What type of property is this?
Warehouse - Lease options span a portion or the full building, with truck parking available.
Where is this warehouse located?
The property is located at 3400 Oakton Street 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‑square‑foot warehouse; available for purchase or lease from 25,000 to 67,700 square feet; 17‑foot ceiling height; 2 drive‑in doors and 4 docks
