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    118-120 W 87Th St Chicago, IL 60620

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    For Lease
    Contact for pricing

    Retail space with high visibility near the Dan Ryan Expressway.

    Property size:
    1,800 SF
    Lot size:
    13.65 Acres

    Property Features for 118-120 W 87Th St

    General Information

    Size
    1,800 SF
    Lot size
    13.65 Acres

    Source: Stone Real Estate Corp. Agent Noah O'Neill

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

    Overview

    Retail Space Near Dan Ryan

    This retail space, totaling 1,800 square feet, is located in a dominant retail trade area with an infill demographic profile. The property is anchored by a top-performing Food 4 Less grocery store. It benefits from incredible visibility due to its adjacency to the Dan Ryan Expressway (I-94) and a CTA Red Line Stop at 87th Street. Convenient access is provided by three stoplight intersections. The location is surrounded by prominent retailers, which creates a strong draw of customers from the surrounding communities. New tenants include Five Below and Biolife, and Foot Locker has recently expanded, doubling in size.
    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
    -87.6198117
    Latitude
    41.7367024

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    FAQs

    What type of property is this?
    Strip mall - Retail space with high visibility near the Dan Ryan Expressway.
    Where is this strip mall located?
    The property is located at 118-120 W 87Th St Chicago, IL.
    What are key features of this property?
    This property features: - Anchored by top performing Food 4 Less grocery store (Kroger).; - **Incredible visibility** adjacent to the Dan Ryan Expressway (I-94) and CTA Red Line Stop (87th).; - Dominant retail trade area with infill demographic profile.
    (312) 372-6200
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    118-120 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
    118-120 W 87Th St Chicago, IL 60620
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