Industrial Building with Drive-In
New
For Sale
$450,000
9120 Terminal Avenue, Skokie, IL 60077
Commercial Sale, Skokie, IL
Property Size3,750 SF
Lot Size0.14 Acres
Price / SF$120
Days on Market1
Property Features for 9120 Terminal Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
Church Street W of GrossPoint Road S on Terminal Ave to Property
Subdivision
Skokie
Standard status
Active
APN
10164010340000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17608
Building Details
Year built
1954
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
RE/MAX At Home · RE/MAX International
(847) 255-1000
Listed By:
Niki Metropoulos
(847) 875-0951
Added: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 12698601
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,750-square-foot industrial building combines approximately 450 SF of office area with an open warehouse floor that has no interior support columns. Two overhead drive-in doors serve the building, with access from both Terminal Avenue and the rear alley. On-site parking accommodates approximately eight vehicles. Building systems include 220V, 3-phase electrical service and suspended gas heaters in the warehouse. The structure is brick with concrete flooring, and it was built in 1954.
The property is less than one mile from I-94. Its roof was replaced approximately nine years ago, and the service doors are new. Zoning information is not included because the property details provide conflicting designations.
The property is less than one mile from I-94. Its roof was replaced approximately nine years ago, and the service doors are new. Zoning information is not included because the property details provide conflicting designations.
Key Highlights
- 3,750‑square‑foot industrial building with approximately 450 SF of office space
- Open warehouse floor without interior columns
- Two drive‑in overhead doors and access from Terminal Avenue and the rear alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,602
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,040
$392.0K
Cap Rate 7%
$280,029
$280.0K
Cap Rate 9%
$217,800
$217.8K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$24.3K $6.48/SF
− Vacancy
−$1.2K −$0.33/SF
EGI
$23.1K $6.15/SF
− OpEx
−$3.5K −$0.92/SF
NOI
$19.6K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,040
Cap Rate 7%
$280,029
Cap Rate 9%
$217,800
Alternative Uses
Best Use
Warehouse
$280.0K
$245.0K – $326.7K
NOI $19,602 @ 7.0% cap · market cap 4.36%
Second Best
Industrial
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,629 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 60077, IL
28,856
Population
11,317
Households
2.5
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
4.2 sq mi
ZIP Area
6,870
Density / Sq Mi
$80,765
Median Household Income
$40,996
Median Earnings
$1,450
Median Rent
$327,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - A column-free warehouse floor is paired with office space and rear-alley access.
Where is this manufacturing property located?
The property is located at 9120 Terminal Avenue Skokie, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,750‑square‑foot industrial building with approximately 450 SF of office space; Open warehouse floor without interior columns; Two drive‑in overhead doors and access from Terminal Avenue and the rear alley
