6421 W 87th Street
Oak Lawn, IL 60453

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Description

Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. The well-maintained property boasts a 15,810 SF building on a +/-48,138 site (roughly 1.10 acres) Features 6 fully leased units. The property offers a solid revenue stream from day one. Renovated in 2025, it presents a contemporary, attractive space for tenants and shoppers alike. Situated in the Chicago MSA at the Oak Lawn & Burbank borders, this Fully occupied strip center is a beacon for retail investors seeking a stable, high-performing asset in a thriving market. With its strategic location and strong tenant base, this property represents an exceptional addition to an investment portfolio.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60453
• Year Built: 1968
• Sq.Ft.: 15,810 sq ft
• Stories: 1
• Units: 6 units
• Zoning: COMMR
• # Of Tenants: 6
• Building Area Total: 15810
• Cap Rate: 7.71
• Construction Materials: Brick, Other, Pre-cast, Stucco
• Cooling: Central Air
• Directions: Ridgeland Ave North or South to 87th St, 87th St East or West to Address
• Electric: Circuit Breakers, Separate Meters
• Electric Expense: 4424
• Electric Expense Source: Actual
• Estimated Cam/Sf: 3.34
• Estimated Tax/Sf: 6.81
• Expense Year: 2024
• Fire Protection: Sprinklers-Wet
• Foundation Details: Concrete Perimeter
• Fuel Expense: 1787
• Fuel Expense Source: Actual
• Gross Income: 414915
• Gross Rentable Area: 15810
• Gross Scheduled Income: 414915
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: List Broker Must Accompany
• Insurance Expense: 10160
• Insurance Expense Source: Actual
• Investment (Y/N): Yes
• Leasable Area: 15810
• Leasable Area Units: Square Feet
• Location: Central Business District, Mixed Use Area
• Lot Size Square Feet: 48090
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 15810
• Misc Inside: Storage Inside
• Operating Expense: 160579
• Other Expense Source: Actual
• Outdoor Parking: 51-100 Spaces
• Property Offered: For Sale Only
• Roof: Membrane
• Tax Annual Amount: 107711
• Tax Year: 2023
• Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Scavenger, Varies by Tenant, All Utilities
• Total Annual Expense Source: Actual
• Total Monthly Income: 34576
• Township: Worth
• Trash Expense: 1581
• Trash Expense Source: Actual
• Water Expense Source: Actual
• Water Sewer Expense: 4161