Single-Story Office
4448 Oakton Street, Skokie, IL 60076
For Sale
$265,000
Commercial Sale, Skokie, IL
Property Size1,700 SF
Lot Size0.07 Acres
Price / SF$155.88
Days on Market162
Property Features for 4448 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
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License IL #471007186
(312) 513-4490
Added: Jun 4
Changed: Oct 20
Last Checked: Nov 12 at 6:06AM
MLS# 12661194
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.
This approximately 1,700 Sq. ft. single-story office unit is currently configured for professional office use. The layout includes a reception area, conference rooms, four private offices, a kitchenette, and two bathrooms. Brick and concrete construction, central air, and a 1958 construction date further define the property. COMMR zoning is identified for the site.
The property sits along Oakton Street in Skokie’s business corridor, with dining, shops, entertainment venues, the Skokie Heritage Museum, and Emily Oaks Nature Center nearby. Lincoln Avenue, Oakton Street’s business and entertainment corridor, and a transit station are described as within walking distance, while major roads and interstates are a short distance away.
The property sits along Oakton Street in Skokie’s business corridor, with dining, shops, entertainment venues, the Skokie Heritage Museum, and Emily Oaks Nature Center nearby. Lincoln Avenue, Oakton Street’s business and entertainment corridor, and a transit station are described as within walking distance, while major roads and interstates are a short distance away.
Key Highlights
- Approximately 1,700 Sq. ft. office unit
- Reception area, conference rooms, and 4 private offices
- Kitchenette and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,235
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,700
$484.7K
Cap Rate 7%
$346,214
$346.2K
Cap Rate 9%
$269,278
$269.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$44.9K $26.40/SF
− Vacancy
−$12.6K −$7.39/SF
EGI
$32.3K $19.01/SF
− OpEx
−$8.1K −$4.75/SF
NOI
$24.2K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,700
Cap Rate 7%
$346,214
Cap Rate 9%
$269,278
Alternative Uses
Best Use
Office B
$346.2K
$302.9K – $403.9K
NOI $24,235 @ 7.0% cap · market cap 9.15%
Second Best
Retail
$341.6K
$298.9K – $398.5K
NOI $23,911 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
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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
$381,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Cook County, IL
Properties on Market for Office Units in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Brick-and-concrete office unit with reception, private offices, conference rooms, kitchenette, and two bathrooms.
Where is this office unit 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: Approximately 1,700 Sq. ft. office unit; Reception area, conference rooms, and 4 private offices; Kitchenette and 2 bathrooms
