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    5270 Lincoln Ave, Skokie, IL 60077

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    AI-generated overview

    This exceptional commercial property, located at 5270 Lincoln Ave in Skokie, Illinois (Cook County, zip code 60077), is offered at $375,000. The property is a special purpose building situated on a sizable lot, boasting over 4000 square feet of space. Currently operating as a successful retail grocery store catering to a wide regional customer base, including many from outside Illinois, the business has established itself as a key supplier of South Asian foods in recent years. This presents a unique opportunity for an investor to acquire a thriving business with a strong track record. Alternatively, the property's versatile layout allows for conversion into office spaces, providing flexibility for a variety of commercial uses. The property's prime location in the heart of Skokie Village ensures high visibility and accessibility, making it an attractive investment. The owner is motivated to sell and will consider all reasonable offers. This is a rare chance to own a well-established business and/or a versatile commercial property in a highly desirable location. The property is zoned for commercial use. Further details are available upon request.

    Property profile
    Verified
    Property type Specialty properties
    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
    • Sure Legal Protection Plan Law Firm
    • Ophthalmology University Private University
    • Thomas Barbara J Family Counselor
    • Tom Ohtomo Dental Laboratory Dental Office
    • Mr Refund Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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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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