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6417-6419 W 87th St 15,810 SF 100% Leased Retail Building Oak Lawn, IL 60453 $3,300,000 ($208.73/SF) 7.71% Cap Rate
INVESTMENT HIGHLIGHTS
- 15,810 SF building
- 100% occupancy
- Renovated in 2025
- Located in Major Shopping & Business District
EXECUTIVE SUMMARY
Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. 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 100% 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$414,915
|
$23.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$414,915
|
$23.54
|
| Taxes |
$107,711
|
$6.11
|
| Operating Expenses |
$52,868
|
$3.00
|
| Total Expenses |
$160,579
|
$9.11
|
| Net Operating Income |
$254,336
|
$14.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $414,915 |
| Annual Per SF | $23.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $414,915 |
| Annual Per SF | $23.54 |
| Taxes | |
|---|---|
| Annual | $107,711 |
| Annual Per SF | $6.11 |
| Operating Expenses | |
|---|---|
| Annual | $52,868 |
| Annual Per SF | $3.00 |
| Total Expenses | |
|---|---|
| Annual | $160,579 |
| Annual Per SF | $9.11 |
| Net Operating Income | |
|---|---|
| Annual | $254,336 |
| Annual Per SF | $14.43 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,810 SF
Building Class
C
Year Built/Renovated
1962/2025
Price
$3,300,000
Price Per SF
$208.73
Cap Rate
7.71%
NOI
$254,336
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
C-2 Retail/Office - Business District
Parking
49 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Tenant Controlled HVAC
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 24-06-214-018-0000 | Total Assessment | $370,663 |
| Land Assessment | $120,253 | Annual Taxes | $107,711 ($6.81/SF) |
| Improvements Assessment | $250,410 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
24-06-214-018-0000
Land Assessment
$120,253
Improvements Assessment
$250,410
Total Assessment
$370,663
Annual Taxes
$107,711 ($6.81/SF)
Tax Year
2024 Payable 2024
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6417-6419 W 87th St
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