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5035 Oakton Street

Skokie, IL 60077
  • $899,999
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 11271193
UPDATED: 133 min ago
$899,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1952
County:
Area:

School Ratings & Info

Description

Retail and/or multi-family re-development opportunity on prime Oakton street in downtown Skokie, IL. 5,000 SF single story retail with separate storage building in back AND parking lot. Perfect for owner user, corner location with good visibility and potential parking for up to 30 cars. Opportunity for multi-family development. Existing zoning and parking requirements allow developer to build +/- 25 units above ground floor retail. Under storefront enhancement program the Village will match up to $43,000 for certain retail and restaurant tenants. There is a ton of new development blocks away from the subject property. Across the street and currently under construction is a 153 unit Helmut Jahn designed apartment building. The developers of this project anticipate rental rates in the range of $2.60 per square foot. Anticipated completion is early 2022. One block to the East will be a soon to be constructed 142 room (with conference center and 30,000 SF of retail) Homewood Suites by Hilton. Three blocks to the East is the Illinois Science and technology park, a 23 acre campus that will grow to 2 million square feet with over 4,000 jobs directly in the park. Four blocks to the East of the subject property is the Yellow line train.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5035 Oakton Street Skokie, IL 60077

  • Price: $899,999
  • Status: Active
  • On Site: 17 Days
  • Updated: 133 min ago
  • MLS #: 11271193
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
Skokie
County:
Cook
Area:
Skokie
Property Description
Retail and/or multi-family re-development opportunity on prime Oakton street in downtown Skokie, IL. 5,000 SF single story retail with separate storage building in back AND parking lot. Perfect for owner user, corner location with good visibility and potential parking for up to 30 cars. Opportunity for multi-family development. Existing zoning and parking requirements allow developer to build +/- 25 units above ground floor retail. Under storefront enhancement program the Village will match up to $43,000 for certain retail and restaurant tenants. There is a ton of new development blocks away from the subject property. Across the street and currently under construction is a 153 unit Helmut Jahn designed apartment building. The developers of this project anticipate rental rates in the range of $2.60 per square foot. Anticipated completion is early 2022. One block to the East will be a soon to be constructed 142 room (with conference center and 30,000 SF of retail) Homewood Suites by Hilton. Three blocks to the East is the Illinois Science and technology park, a 23 acre campus that will grow to 2 million square feet with over 4,000 jobs directly in the park. Four blocks to the East of the subject property is the Yellow line train.
Exterior Features

Exterior Building Type Brick Parking Total 10

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 5000 Electric Three Phase Fire Protection Other Gross Scheduled Income 0 Leasable Area 0 Net Operating Income 0 Operating Expense 0 Property Offered For Sale Only Property Sub Type Free Standing Store Tax Annual Amount 81822 Tax Year 2020 Tenant Pays Other Type Retail/Stores

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Building Equity.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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