Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5270 Lincoln Ave Skokie, IL 60077

    Sponsored
    For Sale
    $375,000

    Retail space, high traffic area, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 5270 Lincoln Ave in Skokie, Illinois (Cook County, zip code 60077), is offered at $375,000. The property is a special purpose building situated on a sizable lot, boasting over 4000 square feet of space. Currently operating as a successful retail grocery store catering to a wide regional customer base, including many from outside Illinois, the business has established itself as a key supplier of South Asian foods in recent years. This presents a unique opportunity for an investor to acquire a thriving business with a strong track record. Alternatively, the property's versatile layout allows for conversion into office spaces, providing flexibility for a variety of commercial uses. The property's prime location in the heart of Skokie Village ensures high visibility and accessibility, making it an attractive investment. The owner is motivated to sell and will consider all reasonable offers. This is a rare chance to own a well-established business and/or a versatile commercial property in a highly desirable location. The property is zoned for commercial use. Further details are available upon request.

    Property Features for 5270 Lincoln Ave

    General Information

    Property type
    Land

    HighLights

    • $375,000 asking price.
    • Special purpose land property in Skokie, IL.
    • Located at 5270 Lincoln Ave, Skokie, IL 60077.
    • Over 4,000 square feet.
    • Currently operating as a retail grocery store.
    • Suitable for conversion to office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sure Legal Protection ... Attorney Ophthalmology University Private University Thomas Barbara J Family Counselor Tom Ohtomo Dental ... Dental Laboratory Mr Refund Accountant

    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
    -87.7592273
    Latitude
    42.0340007

    Nearby Similar for Sale

    • $579,000
      0.07 Acres

      Skokie Live/Work Mixed-Use Property

      Live/work opportunity in Skokie's business district with mixed-use zoning.
      4811 Main St, Skokie, IL 60077
      View Details
    • $778,000
      0.08 Acres

      Skokie Two-Flat with Garden Suite

      Skokie investment property featuring updated units and strong rental history.
      8613 Trumbull Ave, Skokie, IL 60076
      View Details
    • New
      $759,000
      0.25 Acres

      Skokie Industrial Warehouse For Sale

      Two-story, 10,000 SF industrial warehouse in Skokie, Illinois.
      8030 Ridgeway Ave, Skokie, IL 60076
      View Details
    • $999,000
      0.23 Acres

      Skokie Commercial Property For Sale

      Two-building commercial property in Skokie's business corridor.
      3650-3656 Oakton St, Skokie, IL 60076
      View Details
    • $849,000
      0.13 Acres

      Skokie Commercial Property For Sale

      Commercial property in Skokie's business corridor, including business and real estate.
      3654-3656 Oakton St, Skokie, IL 60076
      View Details
    • $2,385,000
      0.35 Acres

      Skokie Office Building For Sale

      Office building near Old Orchard Shopping Center and Skokie Hospital.
      5135 Golf Rd, Skokie, IL 60077
      View Details
    • $999,000
      0.15 Acres

      Skokie Commercial Building For Sale

      Versatile commercial building suitable for retail, office, showroom, or medical.
      4125 Oakton St, Skokie, IL 60076
      View Details
    • $1,750,000
      0.08 Acres

      Skokie Multifamily Apartment Building

      Well-maintained six-unit building near transportation and amenities.
      4950 Greenwood St, Skokie, IL 60077
      View Details
    • New
      $859,000
      0.27 Acres

      Skokie Retail Plaza Opportunity

      Six-unit retail plaza with upside potential in Skokie, Illinois.
      3718 Dempster St, Skokie, IL 60076
      View Details
    • $899,000
      0.14 Acres

      Skokie Mixed-Use Building For Sale

      Two-story mixed-use building near Skokie downtown action and entertainment.
      7880 Lincoln Ave, Skokie, IL 60077
      View Details
    • $599,000
      0.13 Acres

      Skokie Commercial Property and Business

      Commercial property with established business in Skokie's business corridor.
      3650 Oakton St, Skokie, IL 60076
      View Details
    • $4,000,000
      18,744 SF

      Skokie Retail Investment Opportunity

      Multi-tenant retail center in Skokie, Illinois for sale.
      8810 Gross Point Rd, Skokie, IL 60077
      View Details

    FAQs

    What type of property is this?
    Land - Retail space, high traffic area, great potential.
    Where is this land located?
    The property is located at 5270 Lincoln Ave Skokie, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price.; Special purpose land property in Skokie, IL.; Located at 5270 Lincoln Ave, Skokie, IL 60077.
    Request Owner's contact information
    5270 Lincoln Ave Skokie, IL 60077
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5270 Lincoln Ave
    Skokie, IL 60077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5270 Lincoln Ave Skokie, IL 60077
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.