4907 Oakton Street

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4907 Oakton Street

Skokie, IL 60077
Asking Price
$650K
Cap Rate
6.15%
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront located at 4907 Oakton Street in Skokie.
  • Property is currently available for purchase at 650,000 dollars.
  • Investment offers a documented 6.15 percent capitalization rate.
  • Positioned within an established commercial corridor of Skokie.
  • Asset type suitable for retail or service-oriented business use.

What's Special

Retail storefront space at 4907 Oakton Street provides a viable option for investors or business owners seeking a presence in Skokie, Illinois. This property presents an opportunity to capture local consumer traffic in a well-established suburban market within the Chicago metropolitan area. Its strategic positioning allows for diverse retail applications ranging from boutique shops to specialized service-oriented businesses. The surrounding community benefits from robust infrastructure and consistent commercial activity, common to the inner-ring suburbs of the region. Prospective buyers will find this asset suitable for a long-term hold, benefiting from the stable population density and the proximity to primary thoroughfares. The property currently operates with a 6.15% capitalization rate, offering a clear performance metric for those evaluating income-producing assets. With its functional design, this storefront is prepared to accommodate various interior layouts to meet specific operational requirements for future occupants or tenants.

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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856

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