Three-Store Strip
For Sale
$429,000
3406 MAIN Street, Skokie, IL 60076
Commercial Sale, Skokie, IL
Property Size2,550 SF
Lot Size0.14 Acres
Price / SF$168.24
Days on Market140
Property Features for 3406 MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
MAIN ST WEST OF MCCORMICK 2 BLOCKS.
Subdivision
Skokie
Standard status
Active
APN
10232220540000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
23182
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
3
Listing Agency:
American International Realty
Listed By:
Rony Khezeran
(773) 509-9493
Added: Jun 3
Changed: Oct 10
Last Checked: Oct 20 at 8:06PM
MLS# 12667085
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This strip mall at 3406 Main Street in Skokie, Illinois, includes three storefronts within approximately 2,450–2,550 total square feet. The property sits on a 0.1435-acre lot measuring 50 x 125 feet and provides 11 parking spaces. Central air is installed, and the building was constructed in 1950.
The asset is positioned along a high-traffic street in Skokie, within ZIP code 60076. Existing occupancy includes a hair salon and bakery space, with the referenced leases expiring in April 2026 and May 2027. The property is classified under COMMR zoning.
The asset is positioned along a high-traffic street in Skokie, within ZIP code 60076. Existing occupancy includes a hair salon and bakery space, with the referenced leases expiring in April 2026 and May 2027. The property is classified under COMMR zoning.
Key Highlights
- Three‑store strip mall at 3406 Main Street, Skokie, IL 60076
- Approximately 2,450–2,550 total SF across three storefronts
- 0.1435‑acre lot measuring 50 x 125 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,394
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,880
$707.9K
Cap Rate 7%
$505,629
$505.6K
Cap Rate 9%
$393,267
$393.3K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$55.1K $21.60/SF
− Vacancy
−$4.5K −$1.77/SF
EGI
$50.6K $19.83/SF
− OpEx
−$15.2K −$5.95/SF
NOI
$35.4K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,880
Cap Rate 7%
$505,629
Cap Rate 9%
$393,267
Alternative Uses
Best Use
Retail
$505.6K
$442.4K – $589.9K
NOI $35,394 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.4K
$770.4K – $1.03M
NOI $61,628 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
254k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 54%
Apparel 15%
Groceries 14%
Shops & Services 12%
Sam's Club
Superstores
137,204 visits/mo
0.4 miles
Marshalls
Apparel
37,859 visits/mo
0.4 miles
Food 4 Less
Groceries
34,423 visits/mo
0.4 miles
Five Below
Shops & Services
15,873 visits/mo
0.4 miles
Floor & Decor
Home Improvements & Furnishings
7,790 visits/mo
0.4 miles
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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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Zoned COMMR with central air and on-site parking.
Where is this strip mall located?
The property is located at 3406 MAIN Street Skokie, IL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three‑store strip mall at 3406 Main Street, Skokie, IL 60076; Approximately 2,450–2,550 total SF across three storefronts; 0.1435‑acre lot measuring 50 x 125 feet
