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Restarant 8020 Lincoln Ave 2,500 SF 19% Leased Retail Building Skokie, IL 60077 $699,000 ($279.60/SF)



Executive Summary
Rare Downtown Skokie Opportunity in the core "Central Business District". One Story Retail Type property (8018-20 Lincoln) is two separate buildings combined & used as one (could easily be separated). Approx 2,500 Sq Ft + basement under north building. Formerly used as a restaurant and ready to go for a new qualified operator; all restaurant equipment & furnishing will remain w/ building (if desired). Restaurant seats approx 100 inside and another 60-80 in the outside garden area. Superb location with numerous Village parking lots only steps away and next to the new 12 story luxury apartment bldg w/ 153 units. Plus, only a block to the Illinois Science & Technology Park w/ approx 1,600 workers. Plus, much new development in and around the downtown area. Rear of lot could accommodate add'l parking spaces in desired. TRULY "a One in a Million $ Location".
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,500 SF
Building Class
C
Year Built
1923
Price
$699,000
Price Per SF
$279.60
Percent Leased
19%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.13 AC
Zoning
CX Core Mixed Use
Parking
4 Spaces
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-21-413-031-0000 | Improvements Assessment | $51,397 |
| Land Assessment | $21,603 | Total Assessment | $73,000 |
Property Taxes
Parcel Number
10-21-413-031-0000
Land Assessment
$21,603
Improvements Assessment
$51,397
Total Assessment
$73,000
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Restarant | 8020 Lincoln Ave
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