Retail Building with
1309 E 87th St Chicago, IL
For Sale
Contact for pricing
Retail building with parking, security features, and high visibility.
Property Size3,123 SF
Lot Size0.07 Acres
Price / SF$288.18
Days on Market251
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) 513-8333
Listed By:
Andrea Miller · License #471016960
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:03AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $21.60 |
| − Vacancy | −$5.7k | −$1.84 |
| EGI | $61.7k | $19.76 |
| − OpEx | −$18.5k | −$5.93 |
| NOI | $43.2k | $13.83 |
3,123 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Size Boutique
Clothing & Fashion Store
FAQs
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
