Mini Strip Center with Three
3406 MAIN Street Skokie, IL 60076
3406 MAIN Street, Skokie, IL, 60076
$429,000
For Sale
$429,000
COMMERCIAL - Skokie, IL
Property Size2,550 SF
Lot Size0.14 Acres
Price / SF$168.24
Days on Market49
Property Features for 3406 MAIN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- 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
(773) 509-9493
Listed by
Rony Khezeran · License #471005867
(773) 509-9493
Added: Jun 3 Checked: Jul 21 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale mini strip center includes three retail storefronts on a 50 by 125 lot with approximately 11 parking spaces. The property totals roughly 2,450 to 2,550 square feet and is described as suitable for a variety of uses under COMMR zoning. Current tenant information provided includes a hair salon space and a separate bakery space.
The center is located at 3406 Main Street in Skokie, Illinois, on a high-traffic street. Leasing details included with the listing indicate the hair salon lease expires in April 2026, while the bakery space lease is set to continue through May 2027.
For prospective owners, this configuration offers a multi-tenant retail setup within a compact neighborhood center format, with two active leases providing near-term continuity based on the dates provided. For tenants seeking space in a small retail environment, the storefront layout and on-site parking support everyday customer access. The provided lease timelines can also help guide business planning around occupancy changes.
The center is located at 3406 Main Street in Skokie, Illinois, on a high-traffic street. Leasing details included with the listing indicate the hair salon lease expires in April 2026, while the bakery space lease is set to continue through May 2027.
For prospective owners, this configuration offers a multi-tenant retail setup within a compact neighborhood center format, with two active leases providing near-term continuity based on the dates provided. For tenants seeking space in a small retail environment, the storefront layout and on-site parking support everyday customer access. The provided lease timelines can also help guide business planning around occupancy changes.
Key Highlights
- Mini strip center with 3 stores on a 50 x 125 lot
- Approximately 2,450–2,550 total SF
- 11 parking spaces
Local Financial Insights For Retail
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 | $55.1k | $21.60 |
| − Vacancy | −$4.5k | −$1.77 |
| EGI | $50.6k | $19.83 |
| − OpEx | −$15.2k | −$5.95 |
| NOI | $35.4k | $13.88 |
2,550 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alina's Glam Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Three-store retail mini strip center with 11 parking spaces and existing salon and bakery leases.
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: Mini strip center with 3 stores on a 50 x 125 lot; Approximately 2,450–2,550 total SF; 11 parking spaces
