Storefront Property with Central
3925 W Oakton St, Skokie, IL 60076
For Sale
$359,000
COMMR-zoned storefront featuring central air and an exhaust fan near Oakton Street and Crawford Avenue.
Property Size1,750 SF
Price / SF$205.14
Days on Market93
Property Features for 3925 W Oakton St
General Information
Standard status
Size
Property subtype
Listing Agency:
Century 21 Circle
Listed By:
Kief Mkrdichian · License #471010623
(773) 443-1919
Source:
Bktchicago
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 4:51PM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This storefront property includes central air and an exhaust fan, providing core interior features for commercial occupancy. The property is identified as a storefront asset within the retail property category and carries COMMR zoning.
Located at 3925 W Oakton Street in Skokie, the property sits just east of Crawford Avenue in Cook County.
Located at 3925 W Oakton Street in Skokie, the property sits just east of Crawford Avenue in Cook County.
Key Highlights
- COMMR zoning
- Central air
- Exhaust fan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,614
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,280
$492.3K
Cap Rate 7%
$351,629
$351.6K
Cap Rate 9%
$273,489
$273.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$38.4K $21.96/SF
− Vacancy
−$3.3K −$1.87/SF
EGI
$35.2K $20.09/SF
− OpEx
−$10.5K −$6.03/SF
NOI
$24.6K $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%
$492,280
Cap Rate 7%
$351,629
Cap Rate 9%
$273,489
Alternative Uses
Best Use
Retail
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Under-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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Market
Properties on Market for Storefront properties in Skokie
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Florence and Graham Florals — 8221 Kimball Ave #1, Skokie, IL 60076
- Skokie Florist — 4000 Main St, Skokie, IL 60076
- Two Flower Girls — 3354 Main St, Skokie, IL 60076
Frequently Asked Questions
What type of property is this?
Storefront property - COMMR-zoned storefront featuring central air and an exhaust fan near Oakton Street and Crawford Avenue.
Where is this storefront property located?
The property is located at 3925 W Oakton St Skokie, IL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: COMMR zoning; Central air; Exhaust fan
