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Gross Point Office Center

Off-Market

8930 Gross Point Road, Skokie, IL 60077

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  • Property Type Office - Medical Office
  • Property Size 55,512 Sqft
  • Lot Size 3.24 Acre
  • Parking Spaces Avail. 153
  • Parking Ratio 2.76/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1987

Location

  • City Skokie, IL
  • Zip Code 60077
  • Market Chicago

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Dec, 2003
  • Purchase Price $5,425,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Skokie

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Skokie Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $24.32
  • 2020 Office Vacancy Rate 19.39 %
  • 2020 Office Completions (Sqft) 31,860
View more Skokie market trends

Tax

  • Property Tax in 2020 $256,136
  • Market Value $4,158,500
  • Assessed Value $4,158,500

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Gross Point Office Center?

Gross Point Office Center totals 55,512 square feet.

When was this property built?

Gross Point Office Center was built in 1987.

When was Gross Point Office Center last sold?

Gross Point Office Center was last sold on 04 Dec, 2003.

What was the last purchase price for Gross Point Office Center?

Gross Point Office Center was last sold for $5,425,000.

What is the property tax for Gross Point Office Center?

The property tax for Gross Point Office Center in 2020 was $256,136.

What is the market value for Gross Point Office Center?

The market value for Gross Point Office Center in 2020 was $4,158,500.

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