Skokie Retail Building For
For Sale
Contact for pricing
4200 Dempster St, Skokie, IL
5,033 SF retail building on 0.58 AC available.
Property Size5,033 SF
Lot Size0.59 Acres
Price / SF$248.36
Days on Market499
Property Features for 4200 Dempster St
General Information
Standard status
Active
Size
5,033 SF
Lot size
0.59 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Chicago
(312) 861-7851
Listed By:
Peter Graham
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Aug 11
Last Checked: Aug 20 at 10:52AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
A retail building is available for sale, offering approximately 5,033 square feet of building size on approximately 0.58 acres of land, which is equivalent to 25,446 square feet. The property includes 16 parking spaces. The taxes for 2023, billed in 2024, amount to $83,220.21.
Key Highlights
- Substantial Building Size: +/- 5,033 SF of available space.
- Large Land Size: +/- 0.58 AC (25,446 SF) provides ample outdoor area.
- Dedicated Parking: 16 parking spaces available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,859
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,397,180
$1.4M
Cap Rate 7%
$997,986
$998.0K
Cap Rate 9%
$776,211
$776.2K
Market Conditions
NOI Build-Up for 5,033 SF
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.
Gross rent
$108.7K $21.60/SF
− Vacancy
−$8.9K −$1.77/SF
EGI
$99.8K $19.83/SF
− OpEx
−$29.9K −$5.95/SF
NOI
$69.9K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,397,180
Cap Rate 7%
$997,986
Cap Rate 9%
$776,211
Alternative Uses
Best Use
Retail
$998.0K
$873.2K – $1.16M
NOI $69,859 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,637 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Dollar Tree
Shops & Services
19,090 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,360 visits/mo
0.4 miles
Starbucks
Dining
9,642 visits/mo
0.2 miles
Mobil
Shops & Services
9,204 visits/mo
0.3 miles
Burger King
Dining
8,512 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 5,033 SF retail building on 0.58 AC available.
Where is this retail property located?
The property is located at 4200 Dempster St Skokie, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Substantial Building Size: +/- 5,033 SF of available space.; Large Land Size: +/- 0.58 AC (25,446 SF) provides ample outdoor area.; Dedicated Parking: 16 parking spaces available.
