Property profile

5203 Old Orchard Rd Skokie, IL 60077

OFF-MARKET
Retail properties & Spaces
7,750 SF
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Property summary

AI-generated overview

This exceptional 7,750 square foot turnkey restaurant is ideally located in Skokie, Illinois, at 5203 Old Orchard Road, zip code 60077, in Cook County. Situated on the ground floor of a 225-room Hampton Inn and adjacent to a 140-room Extended Stay America hotel, this property benefits from high visibility and significant foot traffic. Its prime location offers direct access to the Edens Expressway via a full interchange and a convenient stoplight to the southbound ramp. The area boasts a thriving restaurant scene, with established successful businesses such as the Cheesecake Factory, Maggiano's, Hampton Social, and Uncle Julio's, recently joined by the Capital Grille and Bar Siena. This presents a unique opportunity for an owner/user or investor to acquire a fully operational restaurant in a high-demand location with strong existing infrastructure and a proven track record of success in the immediate vicinity. The property is available for sale or lease. Please note: Do not disturb the existing tenant.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,750 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

5203 Old Orchard Rd Skokie, IL 60077
Skokie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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