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Turnkey Restaurant Space Near Expressway
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5203 Old Orchard Rd, Skokie, IL

Restaurant space in turnkey condition near Old Orchard and Edens Expressway.

Space Size6,895 SF
Lot Size0.17 Acres
Days on Market476

Property Features for 5203 Old Orchard Rd

General Information

Standard status Active
Size 6,895 SF
Lot size 0.17 Acres
Property subtype RETAIL

Spaces For Lease

at 5203 Old Orchard Rd Contact us

5203 Old Orchard Rd

Floor
1
Size
6,895 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- +/- 6,895 SF restaurant in turnkey condition across Edens Expressway from Old Orchard -...
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Listing Agency: Citadel Property Advisors
Listed By: Michael Havdala · License #471021025
Source: Moodyscre
Added: May 2, 2025 Changed: Aug 14 Last Checked: Aug 20 at 12:34PM

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 Citadel Property Advisors

Investment Insights

Based on property information with market context.

This +/- 6,895 square foot restaurant space is in turnkey condition. It is located across the Edens Expressway from Old Orchard, situated at a full interchange with the expressway and a stoplight to the southbound ramp. The property is on the ground floor of a 225-room Hampton Inn and next door to a 140-room Extended Stay America. The location is near numerous successful restaurants, including Cheesecake Factory, Maggiano’s, Hampton Social, and Uncle Julio’s, with new additions Capital Grille and Bar Siena.

Key Highlights

  • Turnkey 6,895 SF restaurant space.
  • Located across from Old Orchard near Edens Expressway.
  • Ground floor of a 225‑room Hampton Inn and next to a 140‑room Extended Stay America.

Property Analytics

Current Use

Sweet Basil Cafe ... Restaurant

Suggested Use

Top Pick Electrical Service Barber Shop Storage Facility Big Box & Wholesale Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,170
Businesses Nearby
131k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Home Improvements & Furnishings 22% Apparel 18% Hotels & Casinos 8%
California Pizza Kitchen Dining
15,761 visits/mo 0.4 miles
Crate and Barrel Home Improvements & Furnishings
15,346 visits/mo 0.5 miles
Nando's PERi-PERi Dining
12,342 visits/mo 0.3 miles
The Capital Grille Dining
10,092 visits/mo 0.5 miles
Shake Shack Dining
9,996 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Turn key restaurant - Restaurant space in turnkey condition near Old Orchard and Edens Expressway.
Where is this turn key restaurant located?
The property is located at 5203 Old Orchard Rd Skokie, IL.
What are key features of this property?
This property features: Turnkey 6,895 SF restaurant space.; Located across from Old Orchard near Edens Expressway.; Ground floor of a 225‑room Hampton Inn and next to a 140‑room Extended Stay America.
(312) 312-9944 Call to check price and availability
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