5202 Old Orchard Rd Skokie, IL 60077
- Office buildings
Current Use by Public Records
- Kaufman Hall / Business Management Consultant / Corporate Office
- Edwin L Feld & Associates, LLC / Bankruptcy Attorney
- Zeller Realty / Real Estate Agency
- Scheck & Siress: A Hanger Clinic Company / Orthotics & Prosthetics Service / Orthopedic Clinic
- Dr. Robert Shapiro / Surgeon
Property Details for 5202 Old Orchard Rd
- Property type
- Office buildings
- APN
- 10-09-102-063
- APU
- 1009102063
Description
This exceptional Skokie, IL property, Old Orchard Towers, offers 170,000 square feet of prime office space across two Class A buildings. Located at 5202 Old Orchard Rd (North Tower), this multi-tenant property boasts a highly desirable North Shore location, convenient to the Edens Expressway (I-94). The buildings, constructed in 1987 and extensively renovated in 2022, feature 7 stories each, 7 elevators, and 1100 parking spaces in an attached 5-story structure. Units range from 1,500 to 120,000 contiguous square feet, with 120,000 square feet currently vacant. The property sits on 10 acres of land and is zoned commercial. Amenities include LEED Gold certification, full sprinkler systems, ADA compliance, and proximity to Life Time Fitness, Old Orchard Mall (with over 140 stores and restaurants), and Endeavor Health Skokie Hospital (NorthShore Hospital). The location is further enhanced by its proximity to four hotels with over 870 rooms. This versatile property is ideal for medical offices, traditional offices, coworking spaces, and executive suites. The property's strategic location and modern amenities make it an unparalleled opportunity in the competitive North Shore market. The property is easily accessible from I-94 and offers a variety of space options to suit diverse business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,165,000
- 6.5%
- $8,110,000
- 7%
- $7,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,060,000
- Geo Method
- $8,430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,225,000
- Retail
- $8,945,000
- Mixed-Use
- $7,365,000
- Hospitality
- $8,290,000
- Educational
- $9,140,000
- Residential Income
- $8,995,000
- Energy
- $7,370,000
- Income-Based Land
- $7,355,000
- Food Service
- $8,215,000
Location Insight
- Map
- Local Demand
- City
- Skokie
- County
- Cook
- State
- Illinois
- Longitude
- -87.7579
- Latitude
- 42.064
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
