Retail Building with
For Sale
Contact for pricing
1309 E 87th St, Chicago, IL
Retail building with parking, security features, and high visibility.
Property Size3,123 SF
Lot Size0.07 Acres
Price / SF$288.18
Days on Market325
Property Features for 1309 E 87th St
General Information
Standard status
Active
Size
3,123 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Listing Agency:
Miller Chicago
(312) 988-0669
Listed By:
Andrea Miller · License #471016960
(312) 513-8333
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Oct 3
Last Checked: Oct 4 at 10:17AM
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 Miller Chicago
Investment Insights
Based on property information with market context.
The building includes 2 retail/commercial spaces with 5 parking spaces in the front, plus additional parking in the back. It features 4 bathrooms and 9 ft ceilings. Security features include exterior security gates and a vault room. The location offers high visibility with traffic counts of 14,800 vehicles per day. The building has a property size of 3,123 square feet.
Key Highlights
- High‑visibility location with traffic counts of 14,800 vehicles per day
- Building includes 2 retail / commercial spaces
- 5 parking spaces in front, plus additional parking in back
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,206
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,120
$864.1K
Cap Rate 7%
$617,229
$617.2K
Cap Rate 9%
$480,067
$480.1K
Market Conditions
NOI Build-Up for 3,123 SF
Gross rent
$67.5K $21.60/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$61.7K $19.76/SF
− OpEx
−$18.5K −$5.93/SF
NOI
$43.2K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,120
Cap Rate 7%
$617,229
Cap Rate 9%
$480,067
Alternative Uses
Best Use
Retail
$617.2K
$540.1K – $720.1K
NOI $43,206 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$279.8K
$244.8K – $326.4K
NOI $19,584 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,074 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 38%
Electronics 1%
McDonald's
Dining
26,645 visits/mo
0.1 miles
Wendy's
Dining
22,597 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,010 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,728 visits/mo
0.3 miles
Citibank
Shops & Services
9,451 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with parking, security features, and high visibility.
Where is this retail space located?
The property is located at 1309 E 87th St Chicago, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑visibility location with traffic counts of 14,800 vehicles per day; Building includes 2 retail / commercial spaces; 5 parking spaces in front, plus additional parking in back
