4935 Oakton St, Unit 41 Skokie, IL 60077-2903
- Retail space
- 0.07 lot acres
Current Use by Public Records
- Alf Italia Showroom / Furniture Store
- Casa Elegante - European Furniture / Furniture Store
Property Details for 4935 Oakton St
- Year built
- 1952
- Lot size
- 0.07 lot acres
- Property type
- Retail space
- APN
- 10-28-202-003
- APU
- 1028202003
Description
This 6,978-square-foot storefront building, located at 4935 Oakton Street in downtown Skokie, Illinois, presents a compelling investment opportunity. Built in 1952 and renovated in 2000, the single-story brick structure sits on a prominent 79-foot Oakton Street frontage, benefiting from high daily traffic counts averaging 18,000 vehicles. Currently vacant, the property offers significant potential for redevelopment or lease-up. The interior is well-renovated and adaptable, with existing infrastructure allowing for division into seven separate units, each with its own HVAC and electrical service. The property includes eight parking spaces in the rear, ideal for both employees and customers. The building is zoned CX-Core Mixed, providing flexibility for various uses. The surrounding area boasts strong demographics, with an average household income exceeding $104,000, and is experiencing significant revitalization, including new luxury condominiums and a hotel under construction nearby. This location offers a unique blend of established infrastructure and exciting growth potential, making it an attractive proposition for owner-users or investors seeking a value-add opportunity. The asking price is $2,000,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
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Location Insight
- Map
- Local Demand
- City
- Skokie
- County
- Cook
- State
- Illinois
- Longitude
- -87.7515
- Latitude
- 42.026
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
