Oak Lawn, IL 60453 6421 W 87th Street
$3,300,000
Presented By: Network Property Managment LLC
SQFT • 15,810
Home Details
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.
Presented By: Network Property Managment LLC
General for 6421 W 87th Street
Additional Parcels Y/NNo
Business TypeRetail
Cap Rate7.71
CityOak Lawn
Construction MaterialsBrick, Other, Pre-cast, Stucco
CoolingCentral Air
CountyCook
Current UseCommercial, Office
DirectionsRidgeland Ave North or South to 87th St, 87th St East or West to Address
ElectricCircuit Breakers, Separate Meters
Electric Expense4424
Fuel Expense1787
Gross Income414915
Insurance Expense10160
Leasable Area15810
Lease TypeModified Gross
Lot Size Square Feet48090
MLS AreaOak Lawn
Net Operating Income254336
Number Of Units Total6
Operating Expense160579
PossessionClosing, Immediate
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofMembrane
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount107711
Tax Year2023
Tenant PaysCommon Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Scavenger, Varies by Tenant
TownshipWorth
Trash Expense1581
Water Sewer Expense4161
Year Built1968
ZoningCOMMR
Exterior for 6421 W 87th Street
Building Area Total15810
Foundation DetailsConcrete Perimeter
Lot Dimensions344X240X218X125X38X115
Additional Details
Price History
