Leased Shopping Center with
For Sale
Contact for pricing
163 W 87th St, Chicago, IL 60620
Fully leased shopping center includes a freestanding TCF Bank and is anchored by DD’s Discounts and Ross.
Property Size60,620 SF
Days on Market133
Property Features for 163 W 87th St
General Information
Standard status
Active
Size
60,620 SF
Total Parking Spaces
245
Property subtype
Retail
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SVN | Chicago Commercial
Listed By:
Tim Franz · License #IL 475153640
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 12:46PM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
Sherman Plaza is offered as a leasehold interest with options until 2081. The property includes a 60,620 SF shopping center plus a freestanding TCF Bank on a ground lease, and it is reported as 100% leased.
The center is anchored by DD’s Discounts (Ross Dress for Less) and features long-term national tenants including T-Mobile, America’s Best, and Ashley Stewart, along with the freestanding TCF Bank. The remaining lease term is described as strong across the tenant lineup.
The site provides 245 parking spaces with access and egress designed for retail traffic. The center is located directly off the Dan Ryan Expressway (I-90/94) interchange at 87th Street, and it is within blocks of CTA public transit stations, including the Red Line at 87th Street and nearby bus service.
The center is anchored by DD’s Discounts (Ross Dress for Less) and features long-term national tenants including T-Mobile, America’s Best, and Ashley Stewart, along with the freestanding TCF Bank. The remaining lease term is described as strong across the tenant lineup.
The site provides 245 parking spaces with access and egress designed for retail traffic. The center is located directly off the Dan Ryan Expressway (I-90/94) interchange at 87th Street, and it is within blocks of CTA public transit stations, including the Red Line at 87th Street and nearby bus service.
Key Highlights
- Leasehold interest through 2081: 60,620 SF shopping center plus a freestanding TCF Bank
- Property is 100% leased and anchored by DD’s Discounts (Ross Dress for Less)
- Long‑term tenant lineup includes T‑Mobile, America’s Best, Ashley Stewart, and a freestanding TCF Bank (ground lease)
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
350k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Home Improvements & Furnishings 25%
Groceries 22%
Shops & Services 19%
Jewel-Osco
Groceries
54,479 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
50,072 visits/mo
0.2 miles
McDonald's
Dining
29,114 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
27,282 visits/mo
0.5 miles
Wendy's
Dining
25,772 visits/mo
0.2 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased shopping center includes a freestanding TCF Bank and is anchored by DD’s Discounts and Ross.
Where is this shopping center located?
The property is located at 163 W 87th St Chicago, IL.
What are key features of this property?
This property features: Leasehold interest through 2081: 60,620 SF shopping center plus a freestanding TCF Bank; Property is 100% leased and anchored by DD’s Discounts (Ross Dress for Less); Long‑term tenant lineup includes T‑Mobile, America’s Best, Ashley Stewart, and a freestanding TCF Bank (ground lease)
