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Retail Space in Chicago Outlot
For Lease
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700 E 87th St, Chicago, IL

Retail space available for lease in a shopping center.

Space Size14,000 SF
Lot Size0.37 Acres
Days on Market1267

Property Features for 700 E 87th St

General Information

Standard status Active
Size 14,000 SF
Lot size 0.37 Acres
Property subtype RETAIL

Spaces For Lease

at 700 E 87th St Contact us

700 E 87th St

Floor
1
Size
14,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Proposed new outlot development. - Chase, walgreens, at&t and dtlr recently renewed. -...
show more
Contact us

700 E 87th St

Floor
2
Size
14,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Proposed new outlot development. - Chase, walgreens, at&t and dtlr recently renewed. -...
show more
Contact us
Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Kevin Reinke
Source: Moodyscre
Added: Mar 23, 2023 Changed: Sep 2 Last Checked: Sep 8 at 11:13AM

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 Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

This property features retail space available for lease within a 250,111 square foot shopping center. A new 28,000 square foot two-story outlot development is proposed, with space divisible. Multiple small shop spaces are available. The location is 0.3 miles from the Metra station at 87th (Woodruff). Chase, Walgreens, AT&T, and DTLR have recently renewed their leases. A new Discover customer care center opened in 2021, providing over 1,000 full-time jobs. A new outlot development is proposed.

Key Highlights

  • Proposed new 28,000 SF two‑story outlot development, space is divisible.
  • Located 0.3 miles from Metra station at 87th (Woodruff).
  • Part of a 250,111 SF shopping center.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Real Estate Agency Auto Repair Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

853
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 59% Apparel 33% Dining 5% Electronics 3%
Nike Factory Store Apparel
20,344 visits/mo 0.3 miles
Family Dollar Shops & Services
14,257 visits/mo 0.4 miles
PNC Bank Shops & Services
11,235 visits/mo 0.1 miles
Dollar Tree Shops & Services
10,475 visits/mo 0.3 miles
Dollar General Shops & Services
8,630 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available for lease in a shopping center.
Where is this shopping center located?
The property is located at 700 E 87th St Chicago, IL.
What are key features of this property?
This property features: Proposed new **28,000 SF two‑story outlot development, space is divisible.**; Located 0.3 miles from Metra station at 87th (Woodruff).; Part of a 250,111 SF shopping center.
(630) 954-7374 Call to check price and availability
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