4747 Dempster St — Lease in Skokie, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Skokie, IL 60076

Photos

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Description

Now available for lease, retail located at 4747 Dempster St Skokie, Illinois 60076. Available square footage 28,800 SF.

Market Context

This retail in Skokie, IL is listed for lease. Compare it against other retail listings for lease in Skokie, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

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