Freestanding Retail
4835 Dempster Street, Skokie, IL 60077
For Sale
$1,299,000
B-3-zoned storefront with open interior space, substantial glazing, secure entry doors, and surrounding customer parking.
Property Size4,000 SF
Lot Size0.27 Acres
Price / SF$324.75
Days on Market55
Property Features for 4835 Dempster Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Highway Access
Road Access
Utilities to Site
Additional Details
Land Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
@properties Commercial
Listed By:
Michael Levin · License #475123263
(847) 977-5389
Source:
Dawnmckennagroup
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 8 at 3:23PM
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 @properties Commercial
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Investment Insights
Based on property information with market context.
This freestanding masonry storefront contains 4,000 total SQ FT on an 11,690 SQ FT land site and was built in 1955. The existing retail layout features a largely open interior, high ceilings, large windows with north and east exposure, secure entrance doors, and a 200+ amp electric system. A surrounding parking lot provides 12 spaces.
The property occupies a signalized corner at Dempster Street and Niles Center Road in Skokie’s western retail and office corridor. Frontage is reported at 105.1 SQ FT on Dempster and 126.3 SQ FT on Niles Center. Traffic counts are 28,300 VPD on Dempster and 5,600 VPD on Niles Center. The site is approximately 0.6 miles east of the Edens Expressway, with CTA Skokie Swift service and bus transportation nearby. B-3 zoning supports the existing commercial setting, while the parcel is also identified for possible redevelopment.
The property occupies a signalized corner at Dempster Street and Niles Center Road in Skokie’s western retail and office corridor. Frontage is reported at 105.1 SQ FT on Dempster and 126.3 SQ FT on Niles Center. Traffic counts are 28,300 VPD on Dempster and 5,600 VPD on Niles Center. The site is approximately 0.6 miles east of the Edens Expressway, with CTA Skokie Swift service and bus transportation nearby. B-3 zoning supports the existing commercial setting, while the parcel is also identified for possible redevelopment.
Key Highlights
- 4,000 total SQ FT freestanding masonry retail building on an 11,690 SQ FT land site
- B‑3 zoning with existing retail buildout and open interior layout
- Signalized corner at Dempster Street and Niles Center Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,521
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,420
$1.1M
Cap Rate 7%
$793,157
$793.2K
Cap Rate 9%
$616,900
$616.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$7.1K −$1.77/SF
EGI
$79.3K $19.83/SF
− OpEx
−$23.8K −$5.95/SF
NOI
$55.5K $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%
$1,110,420
Cap Rate 7%
$793,157
Cap Rate 9%
$616,900
Alternative Uses
Best Use
Retail
$793.2K
$694.0K – $925.4K
NOI $55,521 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,671 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Dunkin' Donuts
Dining
12,161 visits/mo
0.4 miles
Shell
Shops & Services
11,441 visits/mo
0.3 miles
Panda Express
Dining
10,595 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,081 visits/mo
0.5 miles
Dunkin' Donuts
Dining
4,298 visits/mo
0.4 miles
Demographics for 60077, IL
28,856
Population
11,317
Households
2.5
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
6,870
Density / Sq Mi
$80,765
Median Household Income
$40,996
Median Earnings
$1,450
Median Rent
$327,400
Median Home Value
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Market
Properties on Market for Storefront properties in Skokie
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Azura Flowers — 4741 Enfield Ave, Skokie, IL 60076
Frequently Asked Questions
What type of property is this?
Storefront property - B-3-zoned storefront with open interior space, substantial glazing, secure entry doors, and surrounding customer parking.
Where is this storefront property located?
The property is located at 4835 Dempster Street Skokie, IL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4,000 total SQ FT freestanding masonry retail building on an 11,690 SQ FT land site; B‑3 zoning with existing retail buildout and open interior layout; Signalized corner at Dempster Street and Niles Center Road
