Northshore Medical & Learning Center — Sale in Skokie, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Skokie, IL 60077
  • Year built: 1980

Photos

Northshore Medical & Learning Center — Sale in Skokie, IL, photo 1 of 2
Northshore Medical & Learning Center — Sale in Skokie, IL, photo 2 of 2

Investment Figures

Cap rate
9.32%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The JRA Office and Industrial Group of Marcus & Millichap is pleased to present this Northshore Medical and Professional Center. This single-story office property is 94.2 percent occupied, with 51.1 percent of the property consisting of medical tenants. In-place 9.32 percent CAP rate with a year one 11.04 percent cash-on-cash return. Located at 8930–8950 Gross Point Road in Skokie, Illinois, this offering presents a compelling opportunity to acquire a well-located, multi-tenant medical and professional office asset in the highly desirable North Shore of Chicago. Investment Highlights: • DaVita Dialysis has Been a Tenant in the Building Since 2007 • 94.2 Percent Occupied, 51.1 Percent of Which are Medical or Medical-Related Tenants • In-Place 9.32 Percent CAP Rate with a Year One Cash-on-Cash Return of 11.04 Percent

Market Context

This office in Skokie, IL is listed for sale. It is offered at an approximate 9.3% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1980. Compare it against other office listings for sale in Skokie, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Chicago office market tightening or softening?
Vacancy is around 27.2% (Q1 2026).

Estimated Price per SF

$37.63/SF – $273.70/SF

Mid: $114.04/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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