Light Industrial Food Processing
4820 W Washington Street Skokie, IL 60076
New
4820 W Washington Street, Skokie, IL, 60076
$2,699,000
For Sale
$2,699,000
COMMERCIAL - Skokie, IL
Property Size26,000 SF
Lot Size0.76 Acres
Price / SF$103.81
Days on Market5
Property Features for 4820 W Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 10214020950000
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 112332
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile
- Building materials
- Concrete, Brick
Listing agency
Century 21 Circle
(773) 465-4200
Listed by
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jul 17 Checked: Jul 21 at 5:06PM
MLS# 12674377
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.
A 2-story light industrial food processing/manufacturing building currently operating as a food/wholesale bakery and frozen desserts processing facility. Constructed in 1971 and periodically updated and renovated over time, the property includes 3-truck loading docks, 1 drive-in door, and approximately 4,400 square feet of office space that represents about 17% of the total building. The facility offers a clear ceiling height of 18 feet.
The building is zoned CX (Core Mixed-Use District) and is located in Skokie with access to major roads including Skokie Blvd., Cicero Ave., Golf Rd., Waukegan Rd., Route 41, Dempster St., Harlem Ave., and McCormick Rd., as well as nearby interstates I-90, I-94, and I-294.
The layout combines food processing/manufacturing space with dedicated office space, supported by multiple loading options for receiving and distribution.
The building is zoned CX (Core Mixed-Use District) and is located in Skokie with access to major roads including Skokie Blvd., Cicero Ave., Golf Rd., Waukegan Rd., Route 41, Dempster St., Harlem Ave., and McCormick Rd., as well as nearby interstates I-90, I-94, and I-294.
The layout combines food processing/manufacturing space with dedicated office space, supported by multiple loading options for receiving and distribution.
Key Highlights
- Food/wholesale bakery and frozen desserts processing facility built in 1971, with periodic updates and renovations
- Zoned CX (Core Mixed‑Use District); approximately 26,000 SF building on about 0.76 acre
- 3‑truck loading docks plus 1 drive‑in door for food production/processing logistics
Local Financial Insights For Industrial
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 | $168.5k | $6.48 |
| − Vacancy | −$8.6k | −$0.33 |
| EGI | $159.9k | $6.15 |
| − OpEx | −$48.0k | −$1.84 |
| NOI | $111.9k | $4.30 |
26,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.60M
$1.40M – $1.87M
NOI $111,921 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.98M
$7.85M – $10.47M
NOI $628,363 @ 7.0% cap · market cap 23.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Simon Brothers Bakery ...
Bakery
Hillshire Brands
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Owner-occupied 2-story facility with 3 truck loading docks, a drive-in door, and office space on CX zoning.
Where is this manufacturing property located?
The property is located at 4820 W Washington Street Skokie, IL.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Food/wholesale bakery and frozen desserts processing facility built in 1971, with periodic updates and renovations; Zoned CX (Core Mixed‑Use District); approximately 26,000 SF building on about 0.76 acre; 3‑truck loading docks plus 1 drive‑in door for food production/processing logistics
