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    1800 E 87Th St Chicago, IL 60617

    Picture of Grocery and convenience stores at E 87Th St 1800, Chicago, IL
    For Sale
    $50,000

    Business Opportunity - Chicago, IL

    Property size:
    2,600 SF
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 1800 E 87Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20363280540000
    Size
    2,600 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    HomeSmart Realty Group (708) 320-0002 [email protected]

    Listing agent Ed Abed (708) 320-0002 License #475166418

    Listing date Nov 17, 2025

    MLS# 12519412 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Retail Business Opportunity

    The Express Food Market is a retail convenience store business available for sale, offering 1,800 square feet of space along with 10 parking spots. It operates under a lease at $10,000 per month, which has a 3-year term and a 3-year renewal option. The landlord is willing to transfer the lease to the new owner under the existing lease name, Express Lottery Inc. The sale includes all fixtures, equipment, freezers, coolers, and counter space. The business has had no recent renovations and has no known code violations or restrictions. The tenant is responsible for grass maintenance, snow removal, heat, gas, and general utilities. There are currently two employees working at the store who may remain after the sale. No supplier contracts are in place, and the business carries no liens, mortgages, or debts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Express Food Market Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    HAPPY HOUR MARKET

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5802204
    Latitude
    41.7372334

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail convenience store business for sale in Chicago, Illinois.
    Where is this grocery and convenience store located?
    The property is located at 1800 E 87Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Established retail convenience store business with existing lease transferable under the name Express Lottery Inc.; - Includes all fixtures, equipment, freezers, coolers, and counter space.; - No supplier contracts, liens, mortgages, or debts associated with the business.
    (708) 320-0002
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    1800 E 87Th St Chicago, IL 60617
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 E 87Th St Chicago, IL 60617
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