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Calumet Heights Retail Building For Sale 1301-1309 E 87th St 8,800 SF Retail Building Chicago, IL 60619 $900,000 ($102.27/SF)
Investment Highlights
- Building includes 2 retail / commercial spaces
- Building is equipped with security features including exterior security gates and vault room
- 5 parking spaces in front, plus additional parking in back
- Additional storage in basement
Executive Summary
– Building includes 2 retail / commercial spaces with 5 parking spaces in front, plus additional parking in back (More information below)
– 4 bathrooms
– Building is equipped with security features including exterior security gates and vault room
– 9 Ft ceilings
– Additional storage available in basement
– High-visibility location with traffic counts of 14,800 vehicles per day
– Property is steps from #87 87th St bus and 0.4 miles from #28 Stony Island bus stop, and 0.4 miles to Metra Electric 87th St station.
– Other nearby businesses include McDonald's, Hana's Food and Liquor, and Seafood Junction.
-- 1301 (west space): 6,618 Sq Ft - owner occupied - owner willing to vacate upon sale or is willing to remain and pay rent at a discounted rate of $6,000 / month
-- 1309 (east space): 3,116 Sq Ft - vacant
– 4 bathrooms
– Building is equipped with security features including exterior security gates and vault room
– 9 Ft ceilings
– Additional storage available in basement
– High-visibility location with traffic counts of 14,800 vehicles per day
– Property is steps from #87 87th St bus and 0.4 miles from #28 Stony Island bus stop, and 0.4 miles to Metra Electric 87th St station.
– Other nearby businesses include McDonald's, Hana's Food and Liquor, and Seafood Junction.
-- 1301 (west space): 6,618 Sq Ft - owner occupied - owner willing to vacate upon sale or is willing to remain and pay rent at a discounted rate of $6,000 / month
-- 1309 (east space): 3,116 Sq Ft - vacant
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,800 SF
Building Class
C
Year Built
1963
Price
$900,000
Price Per SF
$102.27
Tenancy
Multiple
Building Height
1 Story
Building FAR
2.42
Lot Size
0.08 AC
Zoning
B3-1 - Community Shopping District
Shopping centers, large stores, and retail storefronts, often along major streets.
Amenities
- Storage Space
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-02-203-004-0000 | Total Assessment | $47,464 (2025) |
| Land Assessment | $7,813 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $39,651 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
25-02-203-004-0000
Land Assessment
$7,813 (2025)
Improvements Assessment
$39,651 (2025)
Total Assessment
$47,464 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Calumet Heights Retail Building For Sale | 1301-1309 E 87th St
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