3701 Jarvis Ave, Skokie, IL 60076
This exceptional 8,000-square-foot commercial property in Skokie, IL, presents a unique investment opportunity. The building, comprised of three combined units, offers a blend of modern office space and functional warehouse facilities, ideal for a variety of businesses. The majority of the space is dedicated to well-designed office areas, promoting collaboration and productivity. A practical warehouse area provides additional flexibility for storage or light manufacturing needs. Recent significant improvements include a completely new roof (October 2023, over $90,000 investment), new drop ceiling tiles, and fresh interior paint. One smaller unit is currently leased to a pharmacy, another is owner-occupied, and the largest unit is vacant, presenting immediate income potential and owner-occupancy possibilities. Each unit features at least one bathroom and its own separate entrance. The property enjoys convenient access to major transportation routes, including I-94, and benefits from Skokie's business-friendly environment and thriving economic landscape. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime location.
-
Medical Diagnostic Services, Inc. Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.