Gus Karigan And Mike Levin Represent Seller In $4.1 Million Sale Of Retail Property In Highland Park
1500 Old Skokie Valley Road
$4,100,000
$99/SF
Building Size
41,204 SF
Asset Type
Retail
Closing
Nov 28, 2025
AI
The property asset involved in the transaction is located at 1500 Old Skokie Valley Road, Highland Park. This retail asset consists of five buildings totaling 41,204 square feet and was sold for $4,100,000, translating to approximately $100 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Square Footage: 41,204
- Address: 1500 Old Skokie Valley Road
- Market: Highland Park
- Seller's Representative: Gus Karigan & Mike Levin - @properties Commercial
- Broker for Buyer: Keith Puritz - Cushman & Wakefield
The transaction involved Gus Karigan and Mike Levin representing the seller, Rick Shoemaker. The buyer is an automotive storage company that acquired the property with the assistance of Keith Puritz from Cushman & Wakefield.
Players
Highland Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93