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1500 Old Skokie Valley Road

Gus Karigan And Mike Levin Represent Seller In $4.1 Million Sale Of Retail Property In Highland Park
SOLDRetail

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

Keith Puritz

Cushman & Wakefield

Broker

$4.1M

vol

4 deals

Broker
At Properties Commercial
At Properties CommercialBrokerage

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