Single-Story Office and Retail
4448 Oakton Street Skokie, IL 60076
4448 Oakton Street, Skokie, IL, 60076
$265,000
For Sale
$265,000
COMMERCIAL - Skokie, IL
Property Size1,700 SF
Lot Size0.07 Acres
Price / SF$155.88
Days on Market48
Property Features for 4448 Oakton Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 12233103000000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12281
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Concrete
Listing agency
Century 21 Circle
(773) 465-4200
Listed by
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 4 Updated: Jun 11 at 11:38AM Checked: Jul 21 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This single-story commercial building is currently configured as an attorney office and totals approximately 1,700 sq. ft. The interior includes a reception area, conference rooms, four private offices, a kitchenette, and two bathrooms, with the layout suited to professional use or adaptable for compatible tenants.
The property is located on a business corridor in Skokie, with nearby dining, shops, and entertainment. It is described as steps from the Skokie Heritage Museum and Emily Oaks Nature Center, and walking distance to Oakton St. as well as entertainment and business corridors and the Tran Station; major roads and interstates are also within a short distance. The property is zoned COMMR.
For tenants and owners seeking a versatile footprint, the existing office buildout can support professional services, while the property’s general adaptability also aligns with retail, showroom, and medical office concepts. The straightforward plan, reception entry, and multiple rooms provide a practical foundation for a range of small-to-mid sized commercial operators.
The property is located on a business corridor in Skokie, with nearby dining, shops, and entertainment. It is described as steps from the Skokie Heritage Museum and Emily Oaks Nature Center, and walking distance to Oakton St. as well as entertainment and business corridors and the Tran Station; major roads and interstates are also within a short distance. The property is zoned COMMR.
For tenants and owners seeking a versatile footprint, the existing office buildout can support professional services, while the property’s general adaptability also aligns with retail, showroom, and medical office concepts. The straightforward plan, reception entry, and multiple rooms provide a practical foundation for a range of small-to-mid sized commercial operators.
Key Highlights
- Approx. 1,700 sq. ft. single‑story building currently used as an attorney office
- Office layout includes reception, conference rooms, kitchenette, and 4 private offices
- Includes 2 baths and centralized cooling (central air)
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Life Law Offices
Law Firm
The Life Bags Company
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Flexible single-story space designed for office, retail, showroom, or medical use with multiple private offices and 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: Approx. 1,700 sq. ft. single‑story building currently used as an attorney office; Office layout includes reception, conference rooms, kitchenette, and 4 private offices; Includes 2 baths and centralized cooling (central air)
