Auto Shop with Mobility Conversion
3650 Oakton Street, Skokie, IL 60076
For Sale
$599,000
Under Contract
Business Opportunity, Skokie, IL
Property Size3,440 SF
Lot Size0.13 Acres
Price / SF$174.13
Days on Market344
Property Features for 3650 Oakton Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Floors in Building
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License IL #471007186
(312) 513-4490
Added: Dec 4, 2025
Changed: Oct 10
Last Checked: Nov 12 at 6:06AM
MLS# 12527339
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.
The offering combines an operating body shop with a custom wheelchair van and mobility-conversion business. The real estate, business, and equipment are included, with approximately 3,440 square feet of space and central air conditioning. The parcel contains 0.1263 acres.
Located at 3650 Oakton Street in Skokie, the property provides access to I-90/I-94, I-294, and Lake Shore Dr. The site is across from an Amazon fleet station and offers connectivity to the Northwestern Suburbs, O'Hare Airport, and downtown Chicago. A neighboring building at 3654-3656 W. Oakton Ave. is also available for purchase.
Located at 3650 Oakton Street in Skokie, the property provides access to I-90/I-94, I-294, and Lake Shore Dr. The site is across from an Amazon fleet station and offers connectivity to the Northwestern Suburbs, O'Hare Airport, and downtown Chicago. A neighboring building at 3654-3656 W. Oakton Ave. is also available for purchase.
Key Highlights
- Operating body shop and custom wheelchair van and mobility‑conversion business included
- Real estate, business, and equipment conveyed together
- Approximately 3,440 Sq. ft. of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,385
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,700
$967.7K
Cap Rate 7%
$691,214
$691.2K
Cap Rate 9%
$537,611
$537.6K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$75.5K $21.96/SF
− Vacancy
−$6.4K −$1.87/SF
EGI
$69.1K $20.09/SF
− OpEx
−$20.7K −$6.03/SF
NOI
$48.4K $14.07/SF
Area
Cook County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,700
Cap Rate 7%
$691,214
Cap Rate 9%
$537,611
Alternative Uses
Best Use
Retail
$691.2K
$604.8K – $806.4K
NOI $48,385 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$211.5K
$185.1K – $246.8K
NOI $14,808 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,467 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,124
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
$381,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Cook County, IL
Properties on Market for Auto shops in Cook County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Mad Kustoms and Window Tinting — 7345 N Lawndale Ave, Skokie, IL 60076
- Sam's Auto Clinic — 7349 Ridgeway Ave, Skokie, IL 60076
- Factory Muffler & Complete Auto Repair Inc — 7346 Central Park Ave, Skokie, IL 60076
- Roy's Alignment Services — 7346 Central Park Ave, Skokie, IL 60076
- 7 Auto Repair — 7401 Channel Rd, Skokie, IL 60076
Frequently Asked Questions
What type of property is this?
Auto shop - Operating body shop and mobility-conversion business offered with the real estate, equipment, and central air conditioning.
Where is this auto shop located?
The property is located at 3650 Oakton Street Skokie, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Operating body shop and custom wheelchair van and mobility‑conversion business included; Real estate, business, and equipment conveyed together; Approximately 3,440 Sq. ft. of property size
