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3901 Oakton St Skokie, IL 60076-3431

OFF-MARKET Retail space Google Maps
0.32 ac lot Built 1960
Individually Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$450k
Range $405k – $495k (±10%)
Property ID US28-1646019

Property summary

AI-generated overview

This exceptional 2,559-square-foot standalone commercial building is situated on a 0.31-acre lot at 3901 Oakton Street in Skokie, Illinois. Currently configured as an office building, it offers a versatile layout perfect for a variety of businesses. The property boasts ample parking with 18 spaces, a significant advantage in this location. Inside, you'll find a well-appointed conference room, private offices, and cubicles, providing a functional and efficient workspace. The building's location on busy Oakton Street presents numerous possibilities for both office and retail uses, capitalizing on high visibility and foot traffic. The property's convenient location offers easy access to public transportation, with a bus stop directly on the corner. Nearby amenities include a public school, diverse restaurants, various businesses, and the vibrant downtown Skokie area. This property represents a unique opportunity to acquire a well-maintained, strategically located commercial building with significant potential for growth and profitability. The asking price is $650,000. This is a turnkey opportunity for an immediate move-in.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Lot 0.32 ac (13,759 SF)
APN 10-26-100-043
UPID US28-1646019

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
  • Home Health Care Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
7 recorded transactions
2024
$450,000
2011
Price N/A
2004
$662,000
2003
$375,000
1998
$170,000
1998
Price N/A
1969
Price N/A

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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