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    8821-8845 W 87Th St Hickory Hills, IL 60457

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    Value-add retail center with development potential in Hickory Hills, IL.

    Property size:
    41,650 SF
    Lot size:
    5.43 Acres

    Property Features for 8821-8845 W 87Th St

    General Information

    Size
    41,650 SF
    Lot size
    5.43 Acres

    Source: Brookline Real Estate Agent Bill Lundy

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

    Overview

    Hickory Hills Retail Center Opportunity

    This multi-tenant retail center in Hickory Hills, Illinois, presents a value-add investment opportunity with potential for future NOI growth. The property includes three undeveloped outlots, offering development potential. New ownership can add value by repositioning below-market gross leases into NNN market rents. Situated on approximately 6.26 acres at the southwest corner of 87th Street and 88th Avenue, just south of I-294, the center benefits from its location next to a CVS and Shell gas station, and across from the Hickory Hills Police Department. Anchored by Dollar General, the center is fully occupied by internet-resistant tenants on long-term leases. The property features differentiated businesses and contrasting rush hours, allowing for synergy and mutual benefit. The brick construction building has been well-maintained and provides 242 parking spots in a landscaped lot. Three entrances on two separate roads aid traffic flow, and cross access with CVS and Shell allows for entry for their customers as well. The property size is 41,650 square feet.
    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
    Hickory Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.8387568
    Latitude
    41.7312558

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    FAQs

    What type of property is this?
    Strip mall - Value-add retail center with development potential in Hickory Hills, IL.
    Where is this strip mall located?
    The property is located at 8821-8845 W 87Th St Hickory Hills, IL.
    What are key features of this property?
    This property features: - Value-add investment property with significant upside potential.; - Located in a strong, transit-oriented location in Hickory Hills near I-294.; - Anchored by Dollar General and fully occupied by internet-resistant tenants on long-term leases.
    (630) 590-5910
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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
    8821-8845 W 87Th St Hickory Hills, IL 60457
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