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Additional details
$ 3,499,888
Est. payment | /mo
1.09 Acres Lot
$ 3,499,888
Est. payment | /mo
1.09 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12757874
Annual Tax Amount $108,900
Tax Year 2024
Lot Size 1.090 Acres
Lot Dimensions 376 X 125
Property Sub-Type Land
Property 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.
Location
State IL
County Cook
Area Skokie
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Building
Dwelling Type Land
Schools
School District 68 , 68, 219
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Ivelina Stoyanova of HomeSmart Connect LLC
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