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    700 E 87Th St Chicago, IL 60620

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    For Lease
    Contact for pricing

    Retail space available for lease in a shopping center.

    Property size:
    14,000 SF
    Lot size:
    0.37 Acres

    Property Features for 700 E 87Th St

    General Information

    Size
    14,000 SF
    Lot size
    0.37 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Kevin Reinke

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

    Overview

    Retail Space in Chicago Outlot

    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.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    87th Street Center, Coinstar Kiosk - Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM, Chatham Market

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.607173
    Latitude
    41.736804

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    FAQs

    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
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    700 E 87Th St 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
    700 E 87Th St Chicago, IL 60620
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