5202 Old Orchard Rd, Skokie, IL 60077
For Lease
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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.
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Kaufman Hall Business Management Consultant Corporate Office
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Edwin L Feld & Associates, LLC Law Firm Financial Advisor
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Zeller Realty Real Estate Agency
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Scheck & Siress: A Hanger Clinic Company Orthotics & Prosthetics Service Orthopedic Clinic
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Dr. Robert Shapiro Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.