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    5200 Dempster St Skokie, IL 60077

    For Lease
    Contact for pricing

    Prime Skokie location, 4,075 SF, strong lease.

    Lot size:
    4,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional single-tenant retail property, located at 5200 Dempster Street in Skokie, Illinois, presents a compelling investment opportunity. The building, totaling approximately 4,075 square feet, is currently occupied under a lease expiring November 30, 2028. Situated on a sizable 0.08-acre lot (34,848 square feet), the property boasts ample parking with 14 spaces available. The property's Cook County PIN number is 10-16-332-058. The 2023 property taxes (billed in 2024) amounted to $79,411.94. The asking price is $30 per square foot, NNN. This prime Skokie location offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, income-producing asset in a thriving market. The property's size and location provide significant potential for long-term growth and return on investment. This is a rare opportunity to acquire a well-maintained, single-tenant retail building in a highly desirable area of Cook County, Illinois. The current lease provides immediate cash flow, while the substantial land size offers future development possibilities.

    Property Features for 5200 Dempster St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,075 SF

    Unit(s) available at that property

    Space
    Size
    4,075 SF

    HighLights

    • Lease expiration: November 30, 2028
    • Asking price: $30 per square foot, NNN
    • Available building space: Approximately 4,075 square feet
    • Available land: Approximately 0.08 acres (34,848 square feet)
    • Property PIN: 10‑16‑332‑058
    • 2023 Taxes (billed 2024): $79,411.94
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Mortgage Mortgage Lender Chase Bank Bank Chase ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.756961324471
    Latitude
    42.041348391933

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    FAQs

    What type of property is this?
    Individual retail property - Prime Skokie location, 4,075 SF, strong lease.
    Where is this individual retail property located?
    The property is located at 5200 Dempster St Skokie, IL.
    What are key features of this property?
    This property features: Lease expiration: November 30, 2028; Asking price: $30 per square foot, NNN; Available building space: Approximately 4,075 square feet
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    5200 Dempster St 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
    5200 Dempster St Skokie, IL 60077
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