Cook, US
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.
Courtesy Of: HomeSmart Connect LLC
General Features
- List Date:
- 09/12/2026
Exterior Features and Amenities
- Lot Size Dimensions:
- 376 X 125
Financial
- Days On Market:
- 7
- Tax Annual Amount:
- $108,900.00
- Tax Year:
- 2024
Other Features
- Elementary School District:
- 68
- High School District:
- 219
- Middle Or Junior School District:
- 68
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Data last updated: 2026-10-01.
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