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

    8025 Skokie Blvd Skokie, IL 60077

    Sponsored
    For Lease
    Contact for pricing

    Prime Skokie retail, 2 spaces available.

    Lot size:
    41,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional retail opportunity presents two available spaces totaling 2,395 square feet within a 41,000-square-foot building at 8025 Skokie Blvd in Skokie, Illinois. Built in 2021, this property offers modern storefronts with large windows and open layouts, ideal for a variety of retail, medical, or service-oriented businesses. Units range from 1,045 to 1,350 contiguous square feet, providing flexibility for diverse needs. The location boasts exceptional visibility and exposure along Skokie Boulevard, with over 17,000 vehicles passing daily. Its strategic placement directly across from the Oakton CTA "L" station ensures high foot traffic and convenient access for commuters. The property's proximity to Interstate-94 (within one mile) and Oakton Community College (approximately 7,000 students) further enhances its appeal. This vibrant commercial area is anchored by a strong mix of established businesses, including Aldi, Walgreens, CVS, Northshore Health, Heartland Health, Ace Hardware, Salvation Army, Ignite Gaming Lounge, UPS Store, 7-Eleven, Taco Bell, Subway, Domino's, and Dunkin'. Cook County location, zip code 60077. This is a rare opportunity to establish a presence in a thriving and well-connected retail corridor.

    Property Features for 8025 Skokie Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,000 SF

    Building Details

    Year Built
    2021

    Unit(s) available at that property

    Space
    8025 Skokie Blvd A
    Size
    1,350 SF
    Space
    8025 Skokie Blvd B
    Size
    1,045 SF

    We can help!

    Listing Contact
    Matthew Tarshis
    Matthew Tarshis

    Learn more

    Property Insight Report

    HighLights

    • Storefront leasing opportunity in a new 41,000 sq ft building on Skokie Blvd.
    • Two contiguous retail spaces totaling 2,395 sq ft, with units ranging from 1,045 to 1,350 sq ft, featuring floor‑to‑ceiling windows, open layouts, and ADA‑compliant bathrooms.
    • High visibility location on Skokie Blvd with over 17,000 vehicles per day, directly across from the Oakton CTA station.
    • Excellent location, one mile from I‑94 and near Oakton Community College (7,000+ students), surrounded by strong national and local retailers including Aldi, Walgreens, CVS, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    8025 Skokie - THE BLVD Apartment Building

    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
    -87.7468893
    Latitude
    42.0272513

    Nearby Similar for Lease

    • Contact for pricing

      Skokie Office Space For Rent

      Professional office space available in Skokie, Illinois.
      5360 Fargo Ave, Skokie, IL 60077
      View Details
    • Contact for pricing
      6,098 SF

      Skokie Mixed-Use Building For Lease

      Mixed-use building in Skokie's downtown entertainment corridor, built in 2000.
      7880 Lincoln Ave, Skokie, IL 60077
      View Details
    • $5 SF/Yr
      294,073 SF

      Skokie Office Plaza: Premier Location

      Class A Office Space, 77 Suites Available
      4709 Golf Rd, Skokie, IL 60076
      View Details
    • Contact for pricing
      1,879 SF

      Skokie Retail Space Available

      Retail space in a prime Skokie location for lease.
      8000 N Lincoln Ave, Skokie, IL 60077
      View Details
    • $25 SF/Yr

      Skokie Office Space for Rent

      Office space in Skokie, IL, with convenient access to transportation.
      5550 Touhy Ave, Skokie, IL 60077
      View Details
    • $20 SF/Yr
      120,000 SF

      Skokie Office Building for Lease

      Prime Skokie location, multiple suites available
      9933 Lawler Ave, Skokie, IL 60077
      View Details
    • $7 SF/Yr

      Climate Controlled Warehouse Space Available

      7500 sq ft climate controlled warehouse/factory space for lease.
      7533 Central Ave, Skokie, IL 60077
      View Details
    • Contact for pricing
      42,196 SF

      Orchard Plaza Retail Space Available

      Prime Old Orchard Strip Center Space
      9300 Skokie Blvd, Skokie, IL 60077
      View Details
    • Contact for pricing
      83,672 SF

      Skokie Warehouse with Renovated Office

      83,672 SF warehouse space with renovated office available for lease.
      7300 Linder Ave, Skokie, IL 60077
      View Details
    • $20 SF/Yr

      Skokie Professional Office Building

      Six-story office building near Old Orchard Mall available for lease.
      9933 Lawler Ave, Skokie, IL 60077
      View Details
    • $22 SF/Yr
      15,656 SF

      Regus Old Orchard Office Suites

      Modern Cook County office space, flexible options.
      5250 Old Orchard Rd, Skokie, IL 60077
      View Details
    • $17 SF/Yr
      2,650 SF

      Skokie Retail/Office Space Available

      Commercial building on Oakton Street, suitable for office or retail.
      4646 Oakton St, Skokie, IL 60076
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Skokie retail, 2 spaces available.
    Where is this retail property located?
    The property is located at 8025 Skokie Blvd Skokie, IL.
    What are key features of this property?
    This property features: Storefront leasing opportunity in a new 41,000 sq ft building on Skokie Blvd.; Two contiguous retail spaces totaling 2,395 sq ft, with units ranging from 1,045 to 1,350 sq ft, featuring floor-to-ceiling windows, open layouts, and ADA-compliant bathrooms.; High visibility location on Skokie Blvd with over 17,000 vehicles per day, directly across from the Oakton CTA station.
    Request Owner's contact information
    8025 Skokie Blvd 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.
    8025 Skokie Blvd
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8025 Skokie Blvd 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew Tarshis
    Matthew Tarshis
    Real Estate License ID: IL 475155035
    Learn more
    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.