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8348 Lincoln Ave Skokie, IL 60077-2436

OFF-MARKET Retail space Google Maps
0.07 ac lot Built 1954
Individually Owned Free & Clear
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US28-2215735

Property summary

AI-generated overview

This meticulously maintained, 1,200 square foot freestanding medical office building at 8348 Lincoln Avenue in Skokie, Illinois, presents a unique investment opportunity. Currently configured as a podiatrist's office, the single-story structure boasts a welcoming reception area and a spacious waiting room, complemented by four private offices and substantial storage space. The property's high-visibility location ensures excellent exposure, and ample parking is readily available for patients and staff. The NX zoning designation offers considerable flexibility, allowing for a variety of uses beyond medical practices. Potential uses include an outpatient clinic, professional office space, or even a retail establishment. Furthermore, the zoning allows for the possibility of developing residential units above the existing structure, significantly expanding the potential return on investment. This property is ideally situated in Skokie, offering convenient access to major transportation routes and a thriving local community. The building's excellent condition and versatile zoning make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. This is a chance to acquire a well-maintained property in a prime location with significant upside potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Lot 0.07 ac (3,065 SF)
APN 10-21-303-077
UPID US28-2215735

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
  • Physician
  • Physician
  • Crisis Center Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$225,000
4 recorded transactions
2025
$225,000
2025
$230,000
2022
$169,000
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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