Skokie Office/Retail Building For
5009 OAKTON Street Skokie, IL 60077
5009 OAKTON Street, Skokie, IL, 60077
$825,000
Pending
For Sale
$825,000
Pending
Move-in ready office/retail building in downtown Skokie with flexible layout.
Property Size5,460 SF
Days on Market309
Property Features for 5009 OAKTON Street
General Information
- Standard status
- Pending
- Size
- 5,460 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing agency
BLUESTONE ASSET MANAGEMENT LLC
(773) 478-5000
Listed by
DAVID GOLDBERG · License #IL 471013021
Source
Corcoran
Added: Sep 17, 2025 Updated: Jul 6 at 9:55AM Checked: Jul 21 at 5:16AM
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 BLUESTONE ASSET MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This is a move-in ready single-story office/retail building located in downtown Skokie. The property offers 5,460 square feet of space. The building features vaulted ceilings and skylights, providing natural light. The layout is designed to accommodate a variety of professional uses, offering flexibility for different business needs. The property is currently built out as a high-end office space, but it can also work for numerous other office or retail users. The location provides visibility and accessibility. There is free parking available around the property, and it is located a couple of blocks from the CTA yellow line station.
Key Highlights
- Move‑in ready condition
- Prime downtown Skokie location with outstanding visibility and accessibility
- 5,460 square feet of flexible space suitable for office or retail use
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 | $117.9k | $21.60 |
| − Vacancy | −$9.7k | −$1.77 |
| EGI | $108.3k | $19.83 |
| − OpEx | −$32.5k | −$5.95 |
| NOI | $75.8k | $13.88 |
5,460 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$947.3K – $1.26M
NOI $75,786 @ 7.0% cap · market cap 9.19%
Second Best
Office B
$1.08M
$941.1K – $1.25M
NOI $75,284 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $131,956 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strategic Properties
Real Estate Agency
Shinneman Wealth Group
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Move-in ready office/retail building in downtown Skokie with flexible layout.
Where is this office building located?
The property is located at 5009 OAKTON Street Skokie, IL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Move‑in ready condition; Prime downtown Skokie location with outstanding visibility and accessibility; 5,460 square feet of flexible space suitable for office or retail use
