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19210755
19210744

3421 Dempster St, Skokie, IL 60076

CD
IL 475.135317
@properties
Listed by @properties
$674,000
690 days on market
Updated 1 day ago

3421 Dempster St. Skokie IL. 60076

Details
APN 10232030470000
Property Type Mixed Use, Office (+1)
Sub Type Creative Office, Medical Office (+1)
Square Footage 5,200
Net Rentable (SqFt) 1,415
Units 4
Cap Rate 9.00%
NOI $75,268
Occupancy 75%
Lease Type Modified
Price per SqFt $130
Broker Co-Op Yes
Class B
Year Built 1961
Stories 2
Lot Size (SqFt) 7,000
Zoning B-2
Investment Type Value Add
Ground Lease No
Ownership Individual

Mixed Use | 9.00% CAP | 5,200 SF

Marketing description

Incredible value-add opportunity within the east Dempster St. business corridor in Skokie! The potential for converting this building to Mixed-Use is HIGHLY likely! Encompassed in this 5200 sq. ft. boutique retail/office building is 3421-25 Dempster and 8755 Trumbull. Each tenant has their own HVAC (forced air) and they are responsible for utilities. The building offers very flexible floorplans and has some additional storage too. 2 spaces are currently available...3425 (1st floor) has just over 1500 sq. ft. available and 8755 has 1600 sq. ft. available. 3421 Dempster and 3425 (lower-level) are tenant occupied. The building has 7 off-street parking spaces and Skokie has a public parking lot to the east of this building. The roof was just certified and has a brand new reflective coating.

Investment highlights

Corner

Post signage

Individual HVAC

Certified roof

Off-street parking

Public parking lot

Listing Contacts

CD
IL 475.135317
@properties
Listed by @properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,268.00
$6,272.33/mo

Valuation Metrics

0
DSCR
11.17%
Cap Rate
11.17%
ROI

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Additional Information

Name
Christopher Demos
License
475.135317
Brokerage
@Properties
Title
Broker
Brokerage Address
741 Devon Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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