Property Address: 7336-7340 Ridgeway Ave, Skokie Illinois
Property Description: 8,400 sf industrial building with 12.5’ ceiling clearance and (3) drive in doors
Sale Price: $580,000 Cash
Steven Rapoport with CRER was the listing broker in the sale of this industrial property located in Skokie only two miles from I(94), only 15 miles from downtown Chicago. The seller was motivated to sell because they had move their business to a larger facility in the area. The buyer plans to operate a family run business out of this location. Demand for industrial space in Skokie is driven primarily by small and mid-sized companies occupied primarily by contactors and small industrial users. There has been minimal new development in the area however, over the past few years the surrounding area has generally seen solid demand numbers and steady absorption.