Fully Leased, Rehabbed Building in Skokie
No Longer Available For Sale
8040-44 N. Lincoln Ave.
Skokie, IL 60077
6,100 SF
Mixed-Use
The Details
- 6,100 SF mixed-use building
- Fully rehabbed, divided into 3 units
- 2 retail storefronts
- Second floor office
- Leased 3-car garage
- Fully occupied, arm-chair investment
- 10 minute walk from new Oakton Yellow Line CTA stop
- Land Area: 7,990 SF
- Stabilized Rent (2013): $111,020
- Taxes (2012): $5,867
This fully leased building is located in the heart of downtown Skokie. A mixed-use facility, the building is divided into two retail storefronts and a 2,700 square foot office on the second floor. The property also includes a three-car garage which is also leased. Most of the leases include several renewal options with rental rate increases.
A northern suburb adjacent to Chicago, Skokie has a strong retail and commercial presence, both in its downtown and near Old Orchard Mall. Skokie’s population grew to 64,800 residents as of the 2010 Census. Many residents are attracted by the mix of urban and suburban lifestyles as well as ready access to Chicago.