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    Skokie Office/Warehouse Space For Sale Title is generated by Realmo AI

    8114 Ridgeway Ave, Skokie, IL

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    5,293 SF office/warehouse on 6,000 SF lot in Skokie.

    Type:INDUSTRIAL
    Property size:
    5,293 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $179/SF
    Added:
    Jul 23, 2025
    Days on Market:
    328
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 8114 Ridgeway Ave

    General Information

    Standard status
    Active
    Size
    5,293 SF
    Lot size
    0.19 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Steven Goldstein
    Steven Goldstein

    Listing agent Steven Goldstein

    Listing office Jameson Commercial

    Listing date Jul 23, 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 Jameson Commercial

    HighLights

    • Well‑located and functional property in a strong commercial corridor
    • Versatile industrial asset suitable for users or investors
    • Desirable 25% office and 75% warehouse configuration
    • Fully air‑conditioned warehouse space
    • Convenient drive‑in door
    • Compact, well‑maintained facility

    Overview

    This property features 5,293 square feet of improved office and warehouse space situated on a 6,000 square foot lot. The building is configured with 25% office space and 75% warehouse space. It includes a drive-in door and a fully air-conditioned warehouse area. This industrial asset is suitable for both users and investors. The efficient layout accommodates various light industrial, distribution, or service-based businesses. It is located in a strong commercial corridor.

    Local Financial Insights For Flex RnD

    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 $95.3k $18.00
    − Vacancy −$9.5k −$1.80
    EGI $85.7k $16.20
    − OpEx −$30.0k −$5.67
    NOI $55.7k $10.53
    5,293 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $796.2K
    $696.7K – $928.9K (±1% cap)
    NOI $55,735 @ 7.0% cap · market cap 5.87%
    Second Best
    Warehouse
    $395.2K
    $345.8K – $461.1K (±1% cap)
    NOI $27,667 @ 7.0% cap · market cap 2.91%
    Theoretical Best
    Office A
    $1.83M
    $1.60M – $2.13M (±1% cap)
    NOI $127,920 @ 7.0% cap · market cap 13.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Public Storage — 3501 W Touhy Ave, Lincolnwood, IL 60712
    • EZ Movers and Storage — 7080 N McCormick Blvd Unit W30, Lincolnwood, IL 60712
    • 606 Movers, Inc. — 7080 mccormick blvd, lincolnwood, il 60712
    • Near2Me Self Storage Unit — 3901 w touhy ave, lincolnwood, il 60712
    • USA Moving & Storage, Inc . — 7020 N Ridgeway Ave, Lincolnwood, IL 60712

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7224
    Latitude
    42.0286

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    FAQs

    What type of property is this?
    Warehouse - 5,293 SF office/warehouse on 6,000 SF lot in Skokie.
    Where is this warehouse located?
    The property is located at 8114 Ridgeway Ave Skokie, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Well‑located and functional property in a strong commercial corridor; Versatile industrial asset suitable for users or investors; Desirable 25% office and 75% warehouse configuration
    (312) 216-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Goldstein
    Steven Goldstein
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