Contact us: 563.441.1776
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 11.0 stories
Year Built: 1956
Lot Size: 1.09 acres
General Information
County: Cook
Listed By:
HomeSmart Connect LLC
847-495-5000
MRED MLS
MLS ID: 12753285
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3327-3361 Dempster Street, Skokie, IL 60076.
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,499,888 | $3,499,888 |
| Down Payment | $122,496 | $699,978 |
| Monthly Mortgage Amount | $21,439 | $17,697 |
| Taxes | $4871 | $4871 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,100 | $0 |
| Monthly Estimated Total | $29,431 | $23,589 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/12/2026. The listing information on this page last changed on 09/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 09/12/2026 9:15:56 AM EST) or MRED MLS (last updated Sat 09/12/2026 9:02:00 AM EST) or SCWMLS (last updated Sat 09/12/2026 9:09:08 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 09/11/2026 10:16:31 PM EST) or Cedar Rapids MLS (last updated Sat 09/12/2026 9:10:04 AM EST) or NEIRBR MLS (last updated Sat 09/12/2026 9:10:04 AM EST) or ICAAR MLS (last updated Sat 09/12/2026 8:32:43 AM EST) or ECIMLS (last updated Sat 09/12/2026 8:33:16 AM EST) or RMLSA (last updated Sat 09/12/2026 9:10:57 AM EST) or Muscatine MLS (last updated Sat 09/12/2026 8:37:47 AM EST) or No Coast MLS (last updated Sat 09/12/2026 9:04:55 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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