Listed by Network Real Estate Group
$3,300,000
87th & Ridgeland Ave
Details
APN 24062140180000
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 15,810
Units 6
Cap Rate 7.71%
NOI $254,336
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1990
Year Renovated 2025
Lot Size (SqFt) 48,090
Zoning COMMR
100% Occupied Strip Center with long term leases on Busy 87th & Ridgeland Ave
Marketing description
Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. The 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 Fully 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.
Investment highlights
- 15,810 SF building
- Renovated in 2025
- Located in Major Shopping & Business District
- 100% occupancy
Listing Contacts
Listed by Network Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,336.00
$21,194.67/mo
Valuation Metrics
0
DSCR
7.71%
Cap Rate
7.71%
ROI
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