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    4956 Warren St Skokie, IL 60077

    Sponsored
    For Sale
    $3,995,000

    Prime CX-zoned land, mixed-use potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.62-acre development site in Skokie, Illinois, presents a unique opportunity for mixed-use construction. Located at 4956-5006 Warren Street, the property boasts 200 square feet of frontage on Warren Street, near the intersections of Warren and Elmwood, and Warren and Niles Avenue. The site currently includes five residential properties: one two-flat and four single-family homes, along with four garages, providing seven parking spaces. The existing structures feature a mix of exterior materials including aluminum siding, vinyl siding, brick, and frame construction. Heating is provided by natural gas. The property is zoned CX (Core Mixed Use), making it ideal for a variety of commercial and residential developments. Its convenient location offers short walking distance to the CTA Yellow Line, bus routes, and shopping, with nearby retailers including Walgreens, Aldi, and the Skokie Market Place on Oakton. The strong demographics and excellent location make this a highly desirable development site. The property's assessed lot size is 27,036 square feet (135.18 x 200), and the 2018 tax amount was $27,582. The property is served by School District 69 and 219, with Madison Elementary, Lincoln Junior High, and Niles West High School nearby. The asking price reflects the potential value after obtaining necessary entitlements from the Village of Skokie. APN numbers are 10214110180000, 10214110170000, 10214110210000, 10214110200000, and 10214110140000.

    Property Features for 4956 Warren St

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • Aluminum, vinyl, brick, and frame exterior.
    • Natural gas heating.
    • Garage and parking spaces available.
    • Seven parking spaces total.
    • No waterfront access.
    • Square footage unavailable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7520755
    Latitude
    42.0275206

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    FAQs

    What type of property is this?
    Land - Prime CX-zoned land, mixed-use potential
    Where is this land located?
    The property is located at 4956 Warren St Skokie, IL.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: Aluminum, vinyl, brick, and frame exterior.; Natural gas heating.; Garage and parking spaces available.
    (847) 977-5389
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    4956 Warren St Skokie, IL 60077
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    Skokie, IL 60077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4956 Warren St Skokie, IL 60077
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