Turnkey Tobacco Smoke Shop
For Sale
Contact for pricing
5953 West 87th Street, Oak Lawn, IL 60453
Turnkey storefront with an existing tobacco/smoke shop license and $1,500 monthly rent on 87th Street.
Property Size1,500 SF
Price / SF$33.33
Days on Market61
Property Features for 5953 West 87th Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail
Zoning
C
Additional Details
Business Included
Yes
Listing Agency:
Chicagoland Brokers Inc
Listed By:
Ahamad Hassan · License #475191346
Source:
Crexi
Added: Jul 7
Changed: Aug 21
Last Checked: Sep 2 at 10:46AM
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 Chicagoland Brokers Inc
Investment Insights
Based on property information with market context.
This turnkey tobacco/smoke shop opportunity includes the existing retail storefront setup and the benefit of a tobacco license referenced as “grandfathered.” The sale is structured as an immediate availability business opportunity, with the seller seeking a fast closing. Monthly rent is provided at $1,500. The current ownership is described as absentee.
Located at 5953 West 87th Street in Oak Lawn, the site is positioned on 87th Street between Ridgeland Ave and Central Ave. Public remarks note that Oak Lawn is no longer issuing new tobacco licenses, creating a competitive constraint for new entrants. Interested parties should review financials and lease terms with the broker to confirm all details of the license and tenancy.
Located at 5953 West 87th Street in Oak Lawn, the site is positioned on 87th Street between Ridgeland Ave and Central Ave. Public remarks note that Oak Lawn is no longer issuing new tobacco licenses, creating a competitive constraint for new entrants. Interested parties should review financials and lease terms with the broker to confirm all details of the license and tenancy.
Key Highlights
- Existing tobacco/smoke shop license included; Oak Lawn is currently not issuing new tobacco licenses
- Monthly rent is $1,500 for the 87th Street location (between Ridgeland Ave and Central Ave)
- Retail storefront on heavily trafficked 87th Street in Oak Lawn, IL with immediate availability
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 16%
Home Improvements & Furnishings 5%
Dollar Tree
Shops & Services
26,918 visits/mo
0.5 miles
Shell
Shops & Services
12,120 visits/mo
0.4 miles
Burger King
Dining
10,878 visits/mo
0.5 miles
Pet Supplies Plus
Shops & Services
9,902 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,331 visits/mo
0.1 miles
Demographics for 60453, IL
58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey storefront with an existing tobacco/smoke shop license and $1,500 monthly rent on 87th Street.
Where is this storefront property located?
The property is located at 5953 West 87th Street Oak Lawn, IL.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Existing tobacco/smoke shop license included; Oak Lawn is currently not issuing new tobacco licenses; Monthly rent is $1,500 for the 87th Street location (between Ridgeland Ave and Central Ave); Retail storefront on heavily trafficked 87th Street in Oak Lawn, IL with immediate availability
