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    10070 Lockwood Ave Skokie, IL 60077

    Sponsored
    For Sale
    $2,050,000

    2.52 Acres, Prime Location, $2.05M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.52-acre land parcel presents a remarkable development opportunity in Skokie, Illinois. Located at 10070 Lockwood Ave, Cook County, zip code 60077, this property boasts a highly desirable OR (Office Research) zoning designation. This zoning allows for the development of business and professional offices, higher-intensity multi-family residential, and mixed-use residential projects, all within a planned park-like setting. The site's strategic location offers unparalleled access to major transportation arteries, including the I-94 (Edens Expressway) and Old Orchard Road interchange, ensuring convenient commutes for residents and employees. Its proximity to the vibrant Old Orchard Mall, with over 140 stores and restaurants, provides immediate access to a wealth of amenities. The property enjoys a prestigious setting, nestled between a substantial Life Time Fitness center (108,000 square feet) and the impressive Old Orchard Towers (395,000 square feet of twin office/medical towers with an attached garage). Surrounded by Class A office buildings and hotels, this location offers an unparalleled blend of convenience, prestige, and development potential. The property's APN is 10-09-100-008-0000. Given the unique character of this district and its proximity to key infrastructure and amenities, site plan approval is required. The asking price for this exceptional development opportunity is $2,050,000.

    Property Features for 10070 Lockwood Ave

    General Information

    Property type
    Land
    Lot Size
    109,771 SF

    HighLights

    • Prime location, 0.5‑mile walk to Old Orchard Mall (140+ stores & restaurants).
    • Exceptional highway access: just off I‑94 (Edens Expressway) & Old Orchard Road interchange.
    • Excellent co‑tenancy: adjacent to Life Time Fitness (108,000 sf) and Old Orchard Towers (395,000 sf).
    • Surrounded by Class A office buildings and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.758714346535
    Latitude
    42.062588304532

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    FAQs

    What type of property is this?
    Land - 2.52 Acres, Prime Location, $2.05M
    Where is this land located?
    The property is located at 10070 Lockwood Ave Skokie, IL.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: Prime location, 0.5-mile walk to Old Orchard Mall (140+ stores & restaurants).; Exceptional highway access: just off I-94 (Edens Expressway) & Old Orchard Road interchange.; Excellent co-tenancy: adjacent to Life Time Fitness (108,000 sf) and Old Orchard Towers (395,000 sf).
    (773) 736-6461
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    10070 Lockwood Ave Skokie, IL 60077
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    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
    10070 Lockwood Ave Skokie, IL 60077
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