1607 W 87th St - Storefront Retail/Residential FOR SALE
Chicago, IL 60620 |
1607 W 87th St
Chicago, IL 60620
HIGHLIGHTS
- The site offers an investor or user the opportunity to acquire a prominent Chicago parcel primed for redevelopment, with a QSR of 1,000 SF.
- Located at the the intersection of 87th Street and Ashland Avenue, providing a signage opportunity with visibility to 30,000 vehicles per day.
- Value-add opportunity to acquire a stake in the growing Chicago retail market with a freestanding retail building with two drive-thrus.
- Robust surrounding demographics include a population of 720,000 people with 5 miles who spent over $6 billion in 2023 alone.
- Chicago's retail success has largely been driven by prominent restaurant scene, which includes market gains in the quick-service industry.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Vacant Chicago QSR on Developable Parcel
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
ADD'L SUBTYPES
Convenience Store, Office/Residential
TOTAL BUILDING SIZE
1000
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
25-06-206-048-0000
