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3718-3720 Dempster St 7,547 SF 100% Leased Retail Building Skokie, IL 60076 $799,000 ($105.87/SF)



Investment Highlights
- Prime location near Evanston and major interstates.
- Includes operating restaurant with stable income stream.
- Below-market rents offer strong upside potential.
- 3,500 sq. ft. vacant for value-add.
- New roof installed in 2020 reduces expenses.
Executive Summary
Investment/owner-user opportunity in the east side of Skokie Village to acquire a 6-unit retail plaza totaling 7,500 Sq. ft. Currently 2-units are leased with about 3,500 Sq. ft. vacant offering significant upside potential for owner-user or investors. Strategically located just minutes from Evanston and with convenient access to the Northwest suburbs, the property enjoys excellent connectivity to major thoroughfares and interstates including I-90, I-94, and I 294. The purchase offers buyers to acquires in operation restaurant. High visibility and accessibility in a well-established commercial corridor. The property has new roof installed in 2020. Below-market rents offer substantial upside potential. Adjacent City of Skokie public parking lot serves neighborhood businesses. Within short distance to Evanston and surrounding suburban markets. A chance to own a well-located retail asset in a thriving area with long-term growth potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,547 SF
Building Class
C
Year Built
1916
Price
$799,000
Price Per SF
$105.87
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.27 AC
Zoning
B-2
Parking
6 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
100’ on Dempster St
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $197,251 | |
| Land Assessment | $73,752 | Total Assessment | $271,003 |
Property Taxes
Parcel Numbers
Land Assessment
$73,752
Improvements Assessment
$197,251
Total Assessment
$271,003
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3718-3720 Dempster St
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