Skokie Commercial Property For
For Sale
Under Contract
$999,000
3650-3656 Oakton Street, Skokie, IL 60076
COMMERCIAL - Skokie, IL
Property Size7,404 SF
Lot Size0.23 Acres
Price / SF$134.93
Days on Market411
Property Features for 3650-3656 Oakton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Oakton St. east of Crawford Ave. Oakton St. at Lawndale Ave.
Subdivision
Skokie
Standard status
Active Under Contract
APN
10233320460000
Size
7,404 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
42242
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Building materials
Brick, Concrete
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 17, 2025
Changed: May 13
Last Checked: Aug 1 at 6:06AM
MLS# 12395793
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.
Located in Skokie's commercial, industrial, and business corridor, this property features two buildings suitable for various uses. The property currently operates as an auto body and custom wheelchair van/mobility conversion shop. The sale includes the business, equipment, and real estate. The two buildings total 7,404 square feet and are zoned M-2, which allows for light industry, operation manufacturing, service, and automotive uses. The central location provides quick access to interstates I-90, I-94, and I-294, Lake Shore Drive, the Northwestern Suburbs, O'Hare Airport, and downtown Chicago. The property is located across the street from the Amazon fleet station. The lot size is 0.2296 acres. The property includes multiple pin numbers: 10233320290000, 1023332030000, and 10233320460000. The total tax amount for all three pins is $12,263, $11,538, and $18,441 respectively. The sellers are willing to assist and train qualified buyers through the process. Financial information is available for serious buyers with power buying evidence.
Key Highlights
- Established auto body and mobility conversion business with strong income and financial records included
- Includes two buildings totaling 7,404 sq ft with M‑2 zoning
- Prime central location** with quick access to major routes and transportation hubs
Financial Insights For Industrial
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 | $48.0k | $6.48 |
| − Vacancy | −$2.4k | −$0.33 |
| EGI | $45.5k | $6.15 |
| − OpEx | −$13.7k | −$1.84 |
| NOI | $31.9k | $4.30 |
7,404 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,769 @ 7.0% cap · market cap 10.29%
Second Best
Industrial
$455.3K
$398.4K – $531.2K
NOI $31,872 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,938 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Sam's Auto Clinic — 7349 Ridgeway Ave, Skokie, IL 60076
- Mad Kustoms and Window Tinting — 7345 N Lawndale Ave, Skokie, IL 60076
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building commercial property in Skokie's business corridor.
Where is this auto shop located?
The property is located at 3650-3656 Oakton Street Skokie, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Established auto body and mobility conversion business with strong income and financial records included; Includes **two buildings totaling 7,404 sq ft** with M‑2 zoning; Prime central location** with quick access to major routes and transportation hubs
