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    5250 Old Orchard Rd Skokie, IL 60077

    Sponsored
    For Lease
    $27 SF/Yr

    Skokie, IL Class A Office Suites

    Lot size:
    170,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, Old Orchard Towers, offers 170,000 square feet of versatile space in Skokie, Illinois. Located at 5250 Old Orchard Road, this seven-story building boasts 40 suites, ranging from 1,200 to 90,000 contiguous square feet, with 100,000 square feet currently available. Built in 1986 and extensively renovated in 2022, the property features a 13-foot ceiling height, four elevators, and ample parking with 1100 spaces in an attached 5-story structure. Its prime location in the North Shore submarket provides unparalleled access to I-94 (Edens Expressway), Life Time Fitness, Old Orchard Mall (with over 140 stores and restaurants), and is within close proximity to Endeavor Health Skokie Hospital. The LEED GOLD certified building is fully sprinklered and ADA compliant, catering to diverse business needs, including medical, executive, coworking, traditional, and creative office spaces. The 11-acre site is zoned commercial, offering a unique opportunity for businesses seeking a prestigious and convenient location. This property presents a rare opportunity to lease space in a highly sought-after building with exceptional amenities and a strategic location.

    Property Features for 5250 Old Orchard Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,000 SF
    Class
    A
    Total Rate
    382500

    Building Details

    Year Built/Renovated
    1986/2022
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    700
    Size
    25,069 SF
    Rate per SF
    $27
    Space
    200
    Size
    21,777 SF
    Rate per SF
    $27
    Space
    250
    Size
    2,893 SF
    Rate per SF
    $27
    Space
    150
    Size
    2,511 SF
    Rate per SF
    $27
    Space
    100
    Size
    8,365 SF
    Rate per SF
    $27
    Space
    320
    Size
    3,425 SF
    Rate per SF
    $27
    Space
    450
    Size
    11,003 SF
    Rate per SF
    $27
    Space
    400
    Size
    9,466 SF
    Rate per SF
    $27
    Space
    500
    Size
    25,212 SF
    Rate per SF
    $27
    Space
    600
    Size
    25,212 SF
    Rate per SF
    $27

    HighLights

    • 170,000 SF Class A office building in Skokie, IL, with 100,000 SF currently available.
    • Excellent location at 5250 Old Orchard Road, offering easy access to I‑94, Life Time Fitness, and Westfield Old Orchard Mall.
    • Strong demographics: 366,417 people within a 5‑mile radius, average household income $130,464.
    • Convenient access to public transportation, including Pace and CTA bus routes and proximity to multiple Metra and CTA train lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ultimate HVAC Hvac Contractor Goldman & Associates - Skokie ... Criminal Justice Attorney Accreditation Association-Ambulatory Ambulance Service Amys ABA Therapy ... Mental Health Service Alexander J. Paret ... Psychologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.758915296919
    Latitude
    42.062792356617

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    FAQs

    What type of property is this?
    Office space - Skokie, IL Class A Office Suites
    Where is this office space located?
    The property is located at 5250 Old Orchard Rd Skokie, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 170,000 SF Class A office building in Skokie, IL, with 100,000 SF currently available.; Excellent location at 5250 Old Orchard Road, offering easy access to I-94, Life Time Fitness, and Westfield Old Orchard Mall.; Strong demographics: 366,417 people within a 5-mile radius, average household income $130,464.
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    5250 Old Orchard Rd 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
    5250 Old Orchard Rd Skokie, IL 60077
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