Single-Story Office
For Sale
$265,000
Pending
4448 Oakton Street, Skokie, IL 60076
Configured with reception, private offices, conference rooms, kitchenette, and two bathrooms in a business corridor setting.
Property Size1,700 SF
Days on Market136
Property Features for 4448 Oakton Street
General Information
Standard status
Pending
Size
1,700 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,281
Building Details
Building Size
1,700 SF
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
Century 21 Circle 773-983-1553 Overview Additional information MLS R ID 12661194 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.07 Acres Other property details Taxes $12,281 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Mark Ahmad with Century 21 Circle 773-983-1553
Listed By:
Mark Ahmad · License #471007186
(773) 983-1553
Source:
Dawnmckennagroup
Added: Jun 4
Changed: Oct 6
Last Checked: Oct 16 at 2:27PM
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 773-983-1553 Overview Additional information MLS R ID 12661194 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.07 Acres Other property details Taxes $12,281 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Mark Ahmad with Century 21 Circle 773-983-1553
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Investment Insights
Based on property information with market context.
This single-story office unit at 4448 Oakton St offers approximately 1,700 square feet of existing workspace. The current attorney-office configuration includes a reception area, conference rooms, four private offices, a kitchenette, and two bathrooms. The layout also supports retail, showroom, and medical-office uses identified for the property.
The property is positioned in a business corridor in Skokie, within reach of northwest suburbs, dining, shops, and entertainment venues. Skokie Heritage Museum and Emily Oaks Nature Center are nearby, while Lincoln Ave., Oakton St., a transit station, major roads, and interstates provide additional surrounding access and connectivity. Built in 1958, the property combines an established building footprint with a multi-room office arrangement.
The property is positioned in a business corridor in Skokie, within reach of northwest suburbs, dining, shops, and entertainment venues. Skokie Heritage Museum and Emily Oaks Nature Center are nearby, while Lincoln Ave., Oakton St., a transit station, major roads, and interstates provide additional surrounding access and connectivity. Built in 1958, the property combines an established building footprint with a multi-room office arrangement.
Key Highlights
- Approximately 1,700 square feet of single‑story office space
- Reception area, conference rooms, and 4 private offices
- Kitchenette and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,596
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,920
$471.9K
Cap Rate 7%
$337,086
$337.1K
Cap Rate 9%
$262,178
$262.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$36.7K $21.60/SF
− Vacancy
−$3.0K −$1.77/SF
EGI
$33.7K $19.83/SF
− OpEx
−$10.1K −$5.95/SF
NOI
$23.6K $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 Rate 5%
$471,920
Cap Rate 7%
$337,086
Cap Rate 9%
$262,178
Alternative Uses
Best Use
Retail
$337.1K
$295.0K – $393.3K
NOI $23,596 @ 7.0% cap · market cap 8.90%
Second Best
Office B
$334.9K
$293.0K – $390.7K
NOI $23,440 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$586.9K
$513.6K – $684.8K
NOI $41,085 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Configured with reception, private offices, conference rooms, kitchenette, and two bathrooms in a business corridor setting.
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: Approximately 1,700 square feet of single‑story office space; Reception area, conference rooms, and 4 private offices; Kitchenette and 2 bathrooms
