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    Skokie Office Space For Sale Title is generated by Realmo AI

    8035 Lincoln Ave, Skokie, IL

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    Office space in Skokie's Lincoln Avenue corridor, ideal for owner/user.

    Type:RETAIL
    Property size:
    1,628 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $196/SF
    Added:
    Aug 21, 2025
    Days on Market:
    309
    Last Refresh:
    May 20 at 8:16 pm

    Property Features for 8035 Lincoln Ave

    General Information

    Standard status
    Active
    Size
    1,628 SF
    Lot size
    0.58 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 8035 Lincoln Ave Contact us

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    Owen Wiesner
    Owen Wiesner

    Listing office Baum Realty

    Listing date Aug 21, 2025

    Source Moodyscre

    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 Baum Realty

    HighLights

    • Located on highly trafficked Lincoln Avenue corridor
    • Abundance of available street parking
    • Public lot directly across Lincoln Avenue
    • Ideal for an owner / user

    Overview

    This office space is located on the highly trafficked Lincoln Avenue corridor in Skokie, Illinois. The property is suitable for an owner/user. Ample street parking is available, with a public parking lot located directly across Lincoln Avenue. The property offers 1,628 square feet of space.

    Local Financial Insights For Office B

    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 $39.9k $24.48
    − Vacancy −$9.9k −$6.10
    EGI $29.9k $18.38
    − OpEx −$7.5k −$4.60
    NOI $22.4k $13.79
    1,628 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $320.7K
    $280.6K – $374.1K (±1% cap)
    NOI $22,447 @ 7.0% cap · market cap 7.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $562.1K
    $491.8K – $655.8K (±1% cap)
    NOI $39,345 @ 7.0% cap · market cap 12.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skokie Optical - Now ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7543
    Latitude
    42.0274

    FAQs

    What type of property is this?
    Office units - Office space in Skokie's Lincoln Avenue corridor, ideal for owner/user.
    Where is this office units located?
    The property is located at 8035 Lincoln Ave Skokie, IL.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Located on **highly trafficked Lincoln Avenue corridor**; Abundance of available street parking; Public lot directly across Lincoln Avenue
    (312) 666-3000 Call to check price and availability
    More about this property
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