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2135-2137 E 87th St - Parking Lot 0.1 Acres of Commercial Land Offered at $180,000 in Chicago, IL 60617
Investment Highlights
- Located along 87th Street corridor with ±182 feet of frontage for maximum exposure.
- Walkable to Jesse Owens Park and across from the historic Chicago Vocational High School.
- Surrounded by a mix of local businesses, multifamily properties, and stable residential communities.
- Zoned B3-2, permitting retail storefronts, shopping centers, and apartments above ground floor.
- Excellent connectivity to I-94 and major thoroughfares, supporting high traffic visibility.
- Area supported by recent multifamily transactions demonstrating investment activity and growth.
Executive Summary
This location benefits from direct proximity to Chicago Vocational High School and is within walking distance to Jesse Owens Park, providing a steady stream of pedestrian and vehicular traffic. The surrounding neighborhood features a diverse mix of multifamily housing, single-family residences, and local businesses, fostering a vibrant trade area that supports retail and service-oriented development.
Excellent connectivity to I-94, major city arterials, and nearby commercial hubs enhances the site’s marketability for developers and investors seeking a community-centric project. High daily traffic counts further underscore the property's potential for a wide variety of retail, service, or mixed-use concepts. With multiple nearby multifamily transactions signaling strong demand in the area, this parcel represents a compelling acquisition for developers looking to capitalize on Chicago’s sustained urban growth.
Property Facts
| Price | $180,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Property Type | Land | ||
| Zoning | 1-00 | ||
| Price | $180,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.10 AC |
| Zoning | 1-00 |
1 Lot Available
Lot
| Price | $180,000 | Lot Size | 0.10 AC |
| Price Per AC | $1,890,756.30 |
| Price | $180,000 |
| Price Per AC | $1,890,756.30 |
| Lot Size | 0.10 AC |
Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 districts. Apartments permitted above the ground floor.
Description
2135–2137 E. 87th Street is a vacant land parcel totaling approximately 7,196 square feet, located at the intersection of E. 87th Street and Merrill Avenue in Chicago, Illinois. It is zoned B3-2, allowing for commercial and mixed-use development. The site is positioned across from Chicago Vocational High School and near Jesse Owens Park, with surrounding uses including local businesses, single-family residences, and multifamily properties. The parcel fronts an established retail corridor and offers access to major roads and interstate routes, including I-94.
Property Taxes
| Parcel Number | 25-01-203-001-0000 | Improvements Assessment | $0 |
| Land Assessment | $4,071 | Total Assessment | $4,071 |
Property Taxes
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2135-2137 E 87th St - Parking Lot
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