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    201-205 W 87Th St Chicago, IL 60620

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    For Lease
    Contact for pricing

    Retail space in a dense urban corridor near transit.

    Property size:
    4,000 SF
    Lot size:
    3.87 Acres

    Property Features for 201-205 W 87Th St

    General Information

    Size
    4,000 SF
    Lot size
    3.87 Acres

    Source: Mid-America Real Estate Group Agent Kate Ruzevich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Public Transit

    This 4,000 square foot retail space is located just 10 miles from downtown Chicago, directly off the Dan Ryan Expressway (I-90/94) interchange at 87th Street, which accommodates over 225,000 vehicles per day. 87th Street itself sees over 37,000 vehicles daily. The property features exceptional ingress and egress with 245 parking spaces and easy accessibility to the adjacent Jewel Osco grocery-anchored center. The center is within blocks of multiple CTA public transit stations, including the Red Line train (87th Street) and bus line (87th Street). Sherman Plaza is located in a dense urban retail corridor with a population of more than 22,000 residents within a mile and over 260,000 within three miles.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6191293
    Latitude
    41.7361844

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    FAQs

    What type of property is this?
    Shopping center - Retail space in a dense urban corridor near transit.
    Where is this shopping center located?
    The property is located at 201-205 W 87Th St Chicago, IL.
    What are key features of this property?
    This property features: - Located 10 miles from downtown Chicago with direct access to I-90/94.; - High traffic location: I-90/94 interchange sees 225,000 and 37,000 vehicles per day respectively.; - 245 parking spaces and easy access to a Jewel Osco grocery-anchored center.
    (630) 954-7300
    Request Owner's contact information
    201-205 W 87Th St Chicago, IL 60620
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    Chicago, IL 60620
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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
    201-205 W 87Th St Chicago, IL 60620
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