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Additional details
Listed by Ivelina Stoyanovaof HomeSmart Connect LLC
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Est. payment | /mo
1.09 Acres Lot
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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
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Schools
School District 68, 68, 219
Others
Ownership Fee Simple
Special Listing Condition None
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