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$ 3,499,888
Est. payment | /mo
21,732 SqFt
$ 3,499,888
Est. payment | /mo
21,732 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 21,732 sqft
Price per Sqft $161
MLS Listing ID 12753285
Year Built 1956
Annual Tax Amount $108,901
Tax Year 2025
Lot Dimensions 376 X 125
Property Sub-Type Retail/Stores
Property Description
Rare 1.01-acre prime commercial investment/redevelopment opportunity on Dempster St in Skokie, IL. This storefront-style neighborhood retail center offers immediate holding income with massive value-add potential. Fully leased with long-term tenants, providing stable cash flow from day one. Currently zoned B2 (Commercial Business) with strong potential to rezone to NX (Neighborhood Mixed-Use), creating a path for a multi-family redevelopment of 40-60 residential units over main-floor commercial/retail space. Listing team is available to assist with the rezoning process. Features 50+ surface parking spaces, offering excellent accessibility for patrons and future residents. Situated 16 miles NW of downtown Chicago's Loop with easy transit and expressway access. High-visibility location near Lake Michigan, completely outside 100- and 500-year flood zones. Financials, rent rolls, and plat of survey available upon request. Ideal for retail investors and developers alike.
Location
State IL
County Cook
Area Skokie
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Ivelina Stoyanova of HomeSmart Connect LLC
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