Property profile

5270 Lincoln Ave Skokie, IL 60077

OFF-MARKET
Specialty properties
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Property summary

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

Current use

Occupant on record · Public records
  • Law Firm
  • Private University
  • Family Counselor
  • Dental Office
  • Accounting Firm Tax Preparation

Location

5270 Lincoln Ave 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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