6421 W 87th Street

Oak Lawn, Illinois 60453
Closed / MLS #11303990 / Retail Store / Oak Lawn
Listing information updated 7/28/2022 at 5:23pm
Available for sale, seven unit, retail/office strip center with 15,687 square feet of gross leasable space. Situated at the southwest corner of 87th Street and Ridgeland Avenue in Oak Lawn, IL., adjacent to a high traffic count thoroughfare. Currently five of the units are leased, with one additional unit on a temporary occupancy, and another vacant. Units vary from 1200 sqft to 5817 sqft in area. All units have separate heating and electric utilities. The property site is 1.104-acres, with 62 surface parking spaces. An ideal property for owner occupant who needs a large space, or for future income investment. Projected net third-year income with stabilized tenancy is at $167,600. Oak Lawn, IL. is located in Cook County, and situated 13 miles southwest of downtown Chicago. One of the largest municipalities in Cook County, many of its thoroughfares are considered the county's busiest.

Full Features

Built:
1968
Parking Spaces:
62
Cooling System:
Central Air
Stories:
1
Roof:
Membrane
Current Use:
Commercial, Office
Zoning:
COMMR
Rentable Square Feet:
15,687
Building Square Feet:
15,687
Current Net Income:
$167,585

Taxes & Assessments

Tax Amount:
$162,820
Tax Year:
2020

Location

Zip Code:
60453
City:
Oak Lawn
County:
Cook

Listing Office: L & B All Star Realty Advisors LLC

Listing Office Phone: 312.925.0900

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/28/2022 at 5:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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6421 W 87th Street is a retail store which sold for $1,100,000. This retail store has been listed on @properties since January 13th, 2022 and was built in 1968.