9-Tenant Strip
New
For Sale
Contact for pricing
4728 Oakton St, Skokie, IL 60076
Retail space connects to I-94 and CTA Yellow Line service at Oakton-Skokie Station.
Property Size10,000 SF
Price / SF$210
Days on Market4
Property Features for 4728 Oakton St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates | Chicago
(773) 355-3000
Listed By:
Sean Austin
(312) 912-2699
Source:
Moodyscre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:32PM
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 Lee & Associates | Chicago
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,000-square-foot strip mall has 9 tenants. Its retail configuration supports multiple businesses within one property.
The property is near downtown Skokie and local businesses, with access to I-94 and CTA Yellow Line service at Oakton-Skokie Station.
The property is near downtown Skokie and local businesses, with access to I-94 and CTA Yellow Line service at Oakton-Skokie Station.
Key Highlights
- 10,000 square feet of retail space
- 9 tenants
- Access to I‑94
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,802
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,776,040
$2.8M
Cap Rate 7%
$1,982,886
$2.0M
Cap Rate 9%
$1,542,244
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$216.0K $21.60/SF
− Vacancy
−$17.7K −$1.77/SF
EGI
$198.3K $19.83/SF
− OpEx
−$59.5K −$5.95/SF
NOI
$138.8K $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%
$2,776,040
Cap Rate 7%
$1,982,886
Cap Rate 9%
$1,542,244
Alternative Uses
Best Use
Retail
$1.98M
$1.74M – $2.31M
NOI $138,802 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 29%
Groceries 26%
Home Improvements & Furnishings 8%
Aldi
Groceries
15,453 visits/mo
0.1 miles
Taco Bell
Dining
13,642 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,444 visits/mo
0.4 miles
Village Inn
Dining
6,020 visits/mo
0.4 miles
Ace Hardware Of Skokie
Home Improvements & Furnishings
3,660 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail space connects to I-94 and CTA Yellow Line service at Oakton-Skokie Station.
Where is this strip mall located?
The property is located at 4728 Oakton St Skokie, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 10,000 square feet of retail space; 9 tenants; Access to I‑94
