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    OFF-MARKET
    Retail properties & Spaces

    5203 Old Orchard Rd, Skokie, IL 60077

    7,750 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sweet Basil Cafe of Skokie Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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