April 19, 2022 – Ryan Link of Horvath & Tremblay has successfully completed the sale of Skokie Plaza in Skokie, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,100,000.
The Skokie Plaza is located at 3510-3528 Dempster Street in Skokie, Illinois. The plaza is 100% occupied and features a diverse mix of eight (8) local tenants. The Property enjoys excellent signage, visibility and frontage and contains 9,000 square feet on approximately 0.5-acres. The majority of the tenants in the center have leases that expire within 1-year, providing the owner with the opportunity to raise rents to market rates upon lease renewal or through releasing the suites. The Skokie Plaza is well located along Dempster Street, one of the area’s primary commercial corridors. The Property is situated between Interstate 94 and the shores of Lake Michigan, and is just 1-mile from Evanston Township High School, and 3-miles from Northwestern University. The Skokie Plaza is located in a high density residential neighborhood and sees more than 29,700 vehicles per day along Dempster Street.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.