Property Listing No Longer Available for Sale

4935 Oakton Street, Skokie, IL

Retail for Sale - $1,081,000 - 6 Sq. Ft.


Property Info

CIMLS#925494
Location
  4935 Oakton Street
  Skokie IL 60077
UpdatedJanuary 19th, 2017
TypeRetail
Price$1,081,000
Building6 Sq. Ft.

Property Description

Marcus & Millichap is pleased to present a 6,978-square foot single-story commercial/retail building; divisible into seven 1,000-square foot units on a .21-acre lot and is currently being used as a retail furniture store. The property is located at 4935 Oakton Street in Skokie, Illinois. It sits on the southeast side of Oakton Street, east of Lincoln Avenue and west of Skokie Boulevard along the vibrant Skokie shopping corridor. The property will be delivered with either a two-year lease of vacant; this allows the buyer flexibility in acquiring the property. The property sits in a TIF district (tax incremental financing) and the village is a proactive partner encouraging redevelopment and improvements offer real estate tax discounts.

The building is divisible with individual entrances, restrooms, and electrical panels. Built in 1952 for use as a multi-tenant retail center, the building is of solid masonry construction with a bow truss roof. The subject was renovated in 2008.

Location Description:

The front elevation faces Oakton Street with pedestrian entrances on the front, as well as entrances on the west side (Niles Avenue) of the building. The building is fully visible with 79 feet of frontage on Oakton Street, a signaled intersection, and 16,200 vehicles per day. The site includes eight parking spaces, as well as street parking and has a new train station one block northeast of the property, with over 1,000 passengers boarding per day. In addition, there is a new Illinois Science and Tech Park with a daytime population of 1,400.

Skokie is a suburban village in Cook County, Illinois. As a Chicago suburb, Skokie promotes itself as The World' s Largest Village . There is a population of 651,559 in a five-mile radius and an average household income of $90,740 compared to the entire U.S. average of $74,533; making this a great asset and location for investors.

Highlights:

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