Redevelopment Opportunity - Skokie, IL
Multifamily
Marketing description
Colliers International is proud to present a rare opportunity to acquire an approximately 3-acre parcel of prime land located along Skokie’s main retail corridor. This highly visible site offers versatile development potential, including retail, multi-family, office, medical, or a combination of these uses. Recognized by the Village of Skokie as a key component of their West Dempster Street Corridor revitalization plan, this parcel stands out as one of the last significant development opportunities in the area. The city has expressed a strong willingness to collaborate with developers to unlock the site’s full potential.
This is a truly exceptional chance to secure a landmark property in Skokie, one of Chicago’s oldest and most prestigious suburbs. The site is strategically positioned adjacent to the historic Evanston Golf Club (125+ years old) to the east, an office building to the south, and a vibrant mix of retail to the north and west. The surrounding area features a blend of low- and high-rise residential developments, further enhancing its appeal.
To get full details please go to: https://platform.reverecre.com/project/84f6b1ef-7c06-4e89-a49d-cf114b6c7628
Investment highlights
Scarcity of Comparable Land
One of the last remaining parcels of its kind in the area.
Versatile Land Use
Suitable for multiple product types, including mixed-use developments.
Tax Increment Financing (TIF)
Availability of TIF incentives to support redevelopment.
Prime Visibility
Located at a lighted intersection on a bustling retail corridor.
Exceptional Accessibility
Just 0.3 miles (2 minutes) from the Skokie Swift Train Station and 0.7 miles (4 minutes) from I-94, the major north-south artery for Chicago’s upscale North Shore suburbs.
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