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Retail Space in Chicago Outlot
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700 E 87th St, Chicago, IL

Retail space available for lease in a shopping center.

Space Size14,000 SF
Lot Size0.37 Acres
Days on Market821

Property Features for 700 E 87th St

General Information

Standard status Active
Size 14,000 SF
Lot size 0.37 Acres
Property subtype RETAIL

Site & Location

Neighborhood Chatham

Spaces For Lease

at 700 E 87th St Contact us

700 E 87th St AVAILABLE, Completion

Floor 1
Size 14,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Proposed new outlot development. - Chase, walgreens, at&t and dtlr recently renewed. - New discover customer care center opened in 2021 providing over 1,000 full-time jobs. - 0.3 miles from metra station at 87th (woodruff) - Multiple small shop spaces - New outlout development - 250,111 SF shopping center with retail space available for lease - Proposed New 28,000 SF two-story outlot development, space is divisible
Contact us

700 E 87th St AVAILABLE, Completion

Floor 2
Size 14,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Proposed new outlot development. - Chase, walgreens, at&t and dtlr recently renewed. - New discover customer care center opened in 2021 providing over 1,000 full-time jobs. - 0.3 miles from metra station at 87th (woodruff) - Multiple small shop spaces - New outlout development - 250,111 SF shopping center with retail space available for lease - Proposed New 28,000 SF two-story outlot development, space is divisible
Contact us
Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Kevin Reinke
Source: Moodyscre
Added: Jul 26, 2024 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Group | Chicago

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Investment Insights

Based on property information with market context.

This property features retail space available for lease within a 250,111 square foot shopping center. A new 28,000 square foot two-story outlot development is proposed, with space divisible. Multiple small shop spaces are available. The location is 0.3 miles from the Metra station at 87th (Woodruff). Chase, Walgreens, AT&T, and DTLR have recently renewed their leases. A new Discover customer care center opened in 2021, providing over 1,000 full-time jobs. A new outlot development is proposed.

Key Highlights

  • Proposed new 28,000 SF two‑story outlot development, space is divisible.
  • Located 0.3 miles from Metra station at 87th (Woodruff).
  • Part of a 250,111 SF shopping center.

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

853
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 59% Apparel 33% Dining 5% Electronics 3%
Nike Factory Store Apparel
20,344 visits/mo 0.3 miles
Family Dollar Shops & Services
14,257 visits/mo 0.4 miles
PNC Bank Shops & Services
11,235 visits/mo 0.1 miles
Dollar Tree Shops & Services
10,475 visits/mo 0.3 miles
Dollar General Shops & Services
8,630 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$21 /SF/Yr
Avg Asking Price
$15–$30 /SF/Yr
Price Range
36,756 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available for lease in a shopping center.
Where is this shopping center located?
The property is located at 700 E 87th St Chicago, IL.
What are key features of this property?
This property features: Proposed new **28,000 SF two‑story outlot development, space is divisible.**; Located 0.3 miles from Metra station at 87th (Woodruff).; Part of a 250,111 SF shopping center.
(630) 954-7327 Call to check price and availability
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