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3425 Dempster St

5,200 SF 100% Leased Office Building Skokie, IL 60076 $749,000 ($144/SF) 10.05% Cap Rate

Investment Highlights

  • Corner
  • Off-street parking
  • Individual HVAC
  • Post signage
  • Public parking

Executive Summary

Fantastic 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 1400 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.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,200 SF
Building Class
B
Year Built/Renovated
1962/2017
Price
$749,000
Price Per SF
$144
Cap Rate
10.05%
NOI
$75,268
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,600 SF
Building FAR
0.75
Land Acres
0.16 AC
Zoning
B-2 - Commercial
Parking
7 Spaces (1.35 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Security System
  • Kitchen
  • Storage Space
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Drop Ceiling
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,415 SF
  • Office/Retail
  • Full Build-Out
  • 30 Days

A boutique office building located in the East Skokie, Dempster St. business corridor! Beautiful all glass entry leading to your sun-filled raised first floor office space spanning over 1400 square feet consisting of 4 private offices, a reception/waiting room, 2 bathrooms, a kitchenette and a large open flex space (25 X 14)! There are 2 off-street parking spaces included and a public parking lot located to the east of this building. The tenant is responsible for electric, gas and their prorated share of CAM, Real Estate Taxes and building insurance. Water is included. The floor plan and list of permitted uses are attached. NOTE: There is a 1600 sq. ft. (approx) second floor office space available as well...8755 Trumbull, Skokie.

Space Size Space Use Condition Available
1st Floor 1,415 SF Office/Retail Full Build-Out 30 Days

1st Floor

Size
1,415 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 1,415 SF
Space Use Office/Retail
Condition Full Build-Out
Available 30 Days

A boutique office building located in the East Skokie, Dempster St. business corridor! Beautiful all glass entry leading to your sun-filled raised first floor office space spanning over 1400 square feet consisting of 4 private offices, a reception/waiting room, 2 bathrooms, a kitchenette and a large open flex space (25 X 14)! There are 2 off-street parking spaces included and a public parking lot located to the east of this building. The tenant is responsible for electric, gas and their prorated share of CAM, Real Estate Taxes and building insurance. Water is included. The floor plan and list of permitted uses are attached. NOTE: There is a 1600 sq. ft. (approx) second floor office space available as well...8755 Trumbull, Skokie.

Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-23-203-047-0000
Land Assessment
$42,936 (2023)
Improvements Assessment
$72,064 (2023)
Total Assessment
$115,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 32504227

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 3425 Dempster St, Skokie, IL 60076

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