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3327-3361 Dempster Street Skokie, IL 60076 • Commercial - Retail • New

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Description

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.

Property Highlights

Property Type: Commercial - Retail
Building Description: 11.0 stories
Year Built: 1956
Lot Size: 1.09 acres

General Information

County: Cook
Listed By:
HomeSmart Connect LLC 847-495-5000
MRED MLS
$3,499,888
Est. $23,589/mo
New to the Market New
SQUARE FEET21,732 MLS#12753285
STATUSNew PROPERTY TYPECommercial - Retail
TOUR PROPERTY

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Katelyn Cooper
 (563) 449-6075

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3327-3361 Dempster Street, Skokie, IL 60076.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,499,888$3,499,888
Down Payment $122,496$699,978
Monthly Mortgage Amount $21,439$17,697
Taxes $4871$4871
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,100$0
Monthly Estimated Total $29,431$23,589

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