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    Single-Story Office & Medical Building Title is generated by Realmo AI

    4448 Oakton Street, Skokie, IL 60076

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    Single-story suite with reception, conference rooms, multiple private offices, kitchenette, and two restrooms.

    Type:Retail
    Property size:
    1,700 SF
    Price / SF:
    $155/SF
    Added:
    Jun 3, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 20 at 3:15 am

    Property Features for 4448 Oakton Street

    General Information

    Standard status
    Active
    Size
    1,700 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1958

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    Mark Ahmad
    Mark Ahmad

    Listing office CENTURY 21 Circle

    Listing date Jun 3, 2026

    Source Crexi

    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

    HighLights

    • 1958‑built single‑story building offering approximately 1,700 SF
    • Currently set up as an attorney office with reception area and multiple conference/private offices
    • Includes kitchenette plus 2 baths
    • Versatile space that can fit retail, office, showroom, medical, and more
    • Located in a business corridor with walkable access to Lincoln Ave and Oakton St, plus nearby dining, shops, and entertainment

    Overview

    This single-story building is configured for professional use and currently operates as an attorney office. The space includes a reception area, conference rooms, four private offices, a kitchenette, and two restrooms. Its flexible footprint is also well-suited for a range of business concepts, including retail, office, showroom, and medical uses.

    Set in a business corridor with access to the northwest suburbs, the property is surrounded by everyday amenities such as nearby dining, shops, and entertainment venues. Skokie Heritage Museum and Emily Oaks Nature Center are just steps away, and the property is within walking distance of Lincoln Ave and Oakton St. Transit access is also noted via the Tran Station, with major roads and interstates within a short distance.

    For tenants and buyers seeking a straightforward, client-facing layout, the combination of reception, meeting space, and multiple private offices supports day-to-day operations and confidential work. The included kitchenette and two restrooms add convenience for staff and visitors. With its adaptable use profile, the building can fit businesses looking for a compact, single-story presence in a retail-and-professional setting.

    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 $36.7k $21.60
    − Vacancy −$3.0k −$1.77
    EGI $33.7k $19.83
    − OpEx −$10.1k −$5.95
    NOI $23.6k $13.88
    1,700 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $337.1K
    $295.0K – $393.3K (±1% cap)
    NOI $23,596 @ 7.0% cap · market cap 8.90%
    Second Best
    Office B
    $334.9K
    $293.0K – $390.7K (±1% cap)
    NOI $23,440 @ 7.0% cap · market cap 8.85%
    Theoretical Best
    Office A
    $586.9K
    $513.6K – $684.8K (±1% cap)
    NOI $41,085 @ 7.0% cap · market cap 15.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Life Law Offices Law Firm The Life Bags Company (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7397805
    Latitude
    42.0264361

    FAQs

    What type of property is this?
    Office units - Single-story suite with reception, conference rooms, multiple private offices, kitchenette, and two restrooms.
    Where is this office units located?
    The property is located at 4448 Oakton Street Skokie, IL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 1958‑built single‑story building offering approximately 1,700 SF; Currently set up as an attorney office with reception area and multiple conference/private offices; Includes kitchenette plus 2 baths
    (773) 983-1553 Call to check price and availability
    More about this property
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