3718-3720 Dempster St - Storefront FOR SALE


Skokie, IL 60076
$799,000 USD
773-983-1553
3718-3720 Dempster St, Skokie, IL for Sale
$799,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

3718-3720 Dempster St
Skokie, IL 60076


HIGHLIGHTS

  • Prime location near Evanston and major interstates.
  • 3,500 sq. ft. vacant for value-add.
  • Includes operating restaurant with stable income stream.
  • New roof installed in 2020 reduces expenses.
  • Below-market rents offer strong upside potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

B-2

APN/PARCEL ID

10-14-311-021-0000,10-14-311-022-0000,10-14-311-023-0000,10-14-311-024-0000

ASK ABOUT THIS PROPERTY

Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

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Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.