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4901 Searle Parkway

4901 Searle Parkway, Skokie, IL 60077
Property in Skokie
Local assessors in Skokie, IL have categorized 4901 Searle Parkway as a commercial type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 137,650 square feet. If we look only at the heated or air conditioned part of the building, then 4901 Searle Parkway has a total of 231,865 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Nov 2, 2021 for $36,200,000. That's $156.13 per sqft. Prior to that sales transaction, the property was also sold in Jan 26, 2017 for $27,542,500. 4901 Searle Parkway was last assessed in 2023. The total value of the property was assessed at $5,250,000. Specifically, the land the property is located on was valued at $343,645. While improvements on the property were assessed at a total of $4,906,355. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,636,556. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Business/Commerical Units Count: 240
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 137,650
  • Total Building Area: 231,865
  • Gross Building Area: 231,865
  • Building Area: 231,865
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 231,865
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: ILLINOIS SCIENCE & TECHNOLOGY
  • Land Acres: 3.16
  • Standard Land Use Code: Retail stores (personal services, photography, travel)

Ownership

  • Current Owner : SEARLE ISTP LLC
  • Previous Owner : SKOKIE ISTP LLC
  • Owner Before Previous Owner: FC 4901 SEARLE LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Niles Township Community High School District 219
  • Census Tract: 807300

Geography

  • District: 24
  • Parcel: 10-21-415-032-0000
  • Lot: 5
  • Municipality: NILES
  • Latitude: 42.0289
  • Longitude: -87.7508

    Address

  • Full Address: 4901 Searle Pkwy
  • Address - House Number: 4901
  • Address - Street Name: Searle
  • Address - Suffix Type: Pkwy
  • State: IL
  • City Name: Skokie
  • Carrier Code: C046
  • 4-Digit Zip Code: 5313
  • Zip Code: 60077

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,636,556
  • Tax Rate Code Area: 24085

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $24,750,000
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Loan Amount: $24,750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $21,000,000
  • Market Land Value: $1,374,580
  • Market Improvement Value: $19,625,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,250,000
  • Assessed Land Value: $343,645
  • Assessed Improvements Value: $4,906,355

    Sales

  • Current Sale Contract Date: Nov 02, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Transaction ID: 11864720045
  • Current Sale Price: $36,200,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2130925062
  • Previous Sale Recording Date: Jan 27, 2017
  • Previous Sale Contract Date: Jan 26, 2017
  • Previous Sale Amount: $27,542,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY NATIONAL BANK OF FLORIDA
  • First Mortgage Transaction Date: Nov 05, 2021
  • First Mortgage Loan Amount: $24,750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: PFP HOLDING COMPANY LLC
  • Previous Mortgage Transaction Date: Jan 27, 2017
  • Previous Mortgage Loan Amount: $73,500
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 09, 2019

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Frequently Asked Questions

What neighborhood is 4901 Searle Parkway located in?
The 4901 Searle Parkway is a located in the neighborhood of Skokie in Skokie, Skokie.
What is the average sales price for listings in 4901 Searle Parkway?
The average sales price for units in 4901 Searle Parkway is $0 currently.

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