8046 Lincoln Ave Skokie, IL 60077
This exceptional investment opportunity presents a fully leased, four-unit retail building situated in the heart of downtown Skokie, Illinois. The property, located at 8046 N Lincoln Avenue, boasts a total of 6,326 square feet and sits on a prime corner lot, ensuring maximum visibility and accessibility. Currently enjoying 100% occupancy, the building features strong, reliable tenants, providing a consistent stream of income and minimizing management demands. Each of the four units is designed to attract and retain high-quality tenants, offering versatility for a diverse range of retail businesses. The vibrant and bustling location in downtown Skokie guarantees high foot traffic, ensuring consistent customer flow for tenants. This translates to a stable and lucrative investment, ideal for both seasoned investors seeking to expand their portfolio and those new to commercial real estate looking for a low-management, high-return property. The solid brick construction ensures durability and longevity, further enhancing the value of this exceptional investment opportunity. The asking price for this prime retail property is $1,000,000. This represents a compelling opportunity to acquire a well-established, income-producing asset in a thriving downtown location.
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.