Corner Retail-Office
4123-4125 Oakton Street Skokie, IL 60076
4123-4125 Oakton Street, Skokie, IL, 60076
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For Sale
Contact for pricing
Single-story corner property with two front-facing connected store units designed to be subdivided.
Property Size4,900 SF
Price / SF$163.06
Days on Market100
Property Features for 4123-4125 Oakton Street
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Property subtype
- Business for Sale, Office, Special Purpose
Listing agency
CENTURY 21 Circle
(773) 983-1553
Listed by
Mark Ahmad · License #IL 471007186
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 6:20PM Checked: Jul 21 at 6:20PM
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
Investment Insights
Based on property information with market context.
This corner, single-story building is configured as two front-facing retail store units that are connected and can be subdivided to accommodate a range of commercial uses. The interior currently includes a private showroom area, offices, a large conference room, four restrooms, and rear storage.
Located at 4123–4125 Oakton Street in Skokie, the building is steps from nearby dining, shops, entertainment venues, and the Skokie Heritage Museum and Emily Oaks Nature Center. It is about one mile to the Oakton Street and Lincoln Avenue entertainment corridor and the train station, with major roads and interstates within a short distance.
With multiple functional rooms and restroom facilities already in place, this property offers flexible space planning for office, showroom, retail, medical, and similar formats, subject to applicable requirements.
Located at 4123–4125 Oakton Street in Skokie, the building is steps from nearby dining, shops, entertainment venues, and the Skokie Heritage Museum and Emily Oaks Nature Center. It is about one mile to the Oakton Street and Lincoln Avenue entertainment corridor and the train station, with major roads and interstates within a short distance.
With multiple functional rooms and restroom facilities already in place, this property offers flexible space planning for office, showroom, retail, medical, and similar formats, subject to applicable requirements.
Key Highlights
- 4,900 SF single‑story corner building with two front‑facing connected store units
- Layout supports multiple uses including retail, office, showroom, and medical
- Units can be easily subdivided for different uses
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 | $105.8k | $21.60 |
| − Vacancy | −$8.7k | −$1.77 |
| EGI | $97.2k | $19.83 |
| − OpEx | −$29.1k | −$5.95 |
| NOI | $68.0k | $13.88 |
4,900 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$971.6K
$850.2K – $1.13M
NOI $68,013 @ 7.0% cap · market cap 8.51%
Second Best
Office B
$965.2K
$844.5K – $1.13M
NOI $67,563 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,422 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Single-story corner property with two front-facing connected store units designed to be subdivided.
Where is this office units located?
The property is located at 4123-4125 Oakton Street Skokie, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,900 SF single‑story corner building with two front‑facing connected store units; Layout supports multiple uses including retail, office, showroom, and medical; Units can be easily subdivided for different uses
