Property profile

7441 Channel Rd Skokie, IL 60076

OFF-MARKET
Industrial properties
Property ID
US28-1099352
0.4 ac lot Built 1961
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000-square-foot industrial building is situated in Skokie's thriving commercial east corridor at 7441 Channel Road. The property boasts a prime location offering convenient access to major transportation arteries, including Interstates I-90 and I-94, O'Hare International Airport, and Lake Shore Drive, making it easily accessible to the Northwestern suburbs. The building itself is meticulously maintained and comprises two distinct warehouse sections, each adaptable to a variety of uses. Two loading docks and one overhead garage door facilitate efficient loading and unloading operations. Approximately 2,500 square feet of office space provides ample room for administrative functions. The flexible floor plan allows for customization to suit diverse business needs, making it suitable for manufacturing, warehouse distribution, or even sports training facilities. The property sits on a 0.39-acre lot and includes ample parking. A significant upgrade has recently been completed with the installation of a brand-new sprinkler system, enhancing safety and security. The asking price for this exceptional property is $859,000. A pre-approval letter from a lender is required before interior access will be granted.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1961
Lot 0.4 ac (17,207 SF)
APN 10-26-401-087
UPID US28-1099352

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
  • Car Wash
  • Gym & Fitness Center Sports Field & Court
  • General Contractor
  • Art Gallery

Location

7441 Channel Rd Skokie, IL 60076-4042
Skokie metro Census 807600 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2025
Last sale
$660,000
7 recorded transactions
2025
$660,000
2021
$415,000
2006
$635,000
1969
Price N/A
1969
Price N/A
1969
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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