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.
| Listing Id: | 12753285 |
|---|---|
| List Price: | $3,499,888 |
| Property Type: | Commercial Sale |
| Property Type: | Retail/Stores |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $108,901 |
| Lot Size Square Feet: | 47,417 |
| City: | Skokie |
| County Or Parish: | Cook |
| Postal Code: | 60076 |
| Year Built: | 1956 |
| Total # Units In Building: | 11 |
| Additional Parcels?: | Yes |
| Association Fee Frequency: | Not Applicable |
| Basement: | false |
| Building Area Total: | 21732 |
| Business Type: | Retail |
| Cooling: | Central Individual |
| Current Use: | Commercial |
| Directions: | Crawford or McCormick to Dempster. East or West to the address. |
| Electric: | Service - 201 to 600 Amps |
| Frontage Type: | City Street |
| Gross Income: | $357,780 |
| Gross Scheduled Income: | $357,780 |
| Leasable Area: | 21,732 |
| Lot Size Dimensions: | 376 X 125 |
| MLS Area Major: | Skokie |
| Agent Owned/Interest (Y/N): | No |
| # Of Drive In Doors: | 0 |
| Known Encumbrances: | None Known |
| Expense Year: | 2025 |
| Extra Storage Spaces Available (Y/N): | No |
| Total Annual Expense Source: | Actual |
| Fire Protection: | Alarm On Site, Fire Extinguisher/s |
| Heat/Ventilation: | Forced Air |
| Information: | 48-Hr Notice Required, No Sign on Property |
| Investment (Y/N): | Yes |
| Location: | Public Transport Avail |
| List Price Per Sf: | 14.64 |
| Market Code: | Active |
| Min Avail Sq Ft (Rentable): | 676 |
| # Of Tl Docks: | 0 |
| Operating Expense Includes: | Accounting, Advertising, Gardener, Insurance, Maintenance, Parking, Snow Removal, Trash, Real Estate Tax |
| Outdoor Parking: | 51-100 Spaces |
| Property Offered: | For Sale Only |
| Special Assessments: | N |
| # Of Tenants: | 9 |
| Update Date: | 2026-09-16T05:05:21 |
| Unincorporated (Y/N): | No |
| Unit Square Footage: | 21732 |
| Net Operating Income: | $218,249 |
| Operating Expense: | $139,531 |
| Original List Price: | $3,499,888 |
| Parcel Number: | 10232040120000 |
| Possession: | Closing |
| State Or Province: | IL |
| Stories: | 11 |
| Tax Year: | 2025 |
| Tenant Pays: | Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Scavenger |
| Township: | Evanston |
| Zoning: | COMMR |
| Actual Status: | Active |
| Additional Parcels Description: | 10232040520000 |
| Call Broker For Confidential Rent Roll Info? (Y/N): | Yes |
Listing Courtesy of: HomeSmart Connect LLC
Listing Agent: Ivelina Stoyanova
312-493-8327
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Midwest Real Estate Data LLC data last updated on October 08, 2026 04:15 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:15 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:15 PM - CT
