8250 Skokie Blvd - Showroom FOR SALE


Skokie, IL 60077
$5,800,000 USD
312-361-3138
8250 Skokie Blvd, Skokie, IL for Sale
$5,800,000 USD
Showroom - FOR SALE
1/11
null | 7.01% Cap Rate

8250 Skokie Blvd
Skokie, IL 60077


HIGHLIGHTS

  • Prime Chicago North Suburb Net Lease Industrial
  • Gerber Collision has been in operation at this site since 1997
  • Limited Landlord Responsibilities
  • 10% Increases every 5 years
  • Close Proximity to Metra Line & Downtown Skokie
  • Favorable CX Zoning for potential Future Development

OVERVIEW

Located in the vibrant north suburb of Chicago, 8250 Skokie Blvd presents a rare opportunity to acquire a net-leased industrial asset anchored by Gerber Collision & Glass, a nationally recognized auto repair brand with over 800 locations across North America. Gerber has operated at this site since 1997 and recently extended its lease through 2033, demonstrating long-term commitment and stability. The lease includes two renewal options and a 10% rent escalation in 2028, offering predictable income growth. The property spans 73,293 square feet across two floors and sits on a 2.26-acre parcel with CX zoning, allowing for potential future redevelopment. It features two drive-in doors and two docks, a 14-foot clear height, and elevator access. Blessed World Church occupies a small portion of the building, while 4,437 square feet of first-floor office space remains vacant, providing upside through lease-up. Strategically positioned near Madison Street and within walking distance of downtown Skokie, the site benefits from proximity to the Metra and CTA rail lines and Interstate 94, ensuring strong connectivity to Chicago and surrounding suburbs. Skokie’s AAA bond rating and nationally accredited municipal services further underscore the area’s economic strength. This offering combines stable cash flow, minimal landlord responsibilities, and value-add potential, making it an ideal investment for buyers seeking long-term income in a high-demand submarket.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skokie, IL Gerber Net Leased Flex Investment

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.26

LAND SF

98,446

ZONING

CX

APN/PARCEL ID

10-21-402-065-0000

ASK ABOUT THIS PROPERTY

Colin O'MalleyInterra RealtyMore Info
312-361-3138

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Colin O'MalleyInterra RealtyMore Info
312-361-3138

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