Skokie Office/Warehouse Space For
8114 Ridgeway Ave Skokie, IL
8114 Ridgeway Ave, Skokie, IL, 00000
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For Sale
Contact for pricing
5,293 SF office/warehouse on 6,000 SF lot in Skokie.
Property Size5,293 SF
Lot Size0.19 Acres
Price / SF$179.48
Days on Market364
Property Features for 8114 Ridgeway Ave
General Information
- Standard status
- Active
- Size
- 5,293 SF
- Lot size
- 0.19 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Jameson Commercial
(312) 840-9002
Listed by
Steven Goldstein
Source
Moodyscre
Added: Jul 23, 2025 Updated: Jul 6 at 10:47AM Checked: Jul 21 at 4:30AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
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
NOI $55,735 @ 7.0% cap · market cap 5.87%
Second Best
Warehouse
$395.2K
$345.8K – $461.1K
NOI $27,667 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,920 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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Similar Off Market Nearby
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- Extra Space Storage — 7540 N McCormick Blvd, Skokie, IL 60076
- The Moving Experts, Inc.'s — 3419 w howard st, skokie, il 60076
- CubeSmart Self Storage — 3526 Oakton St, Skokie, IL 60076
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
