8821-8845 W 87th St, Hickory Hills, IL

Properties For Sale

at 8821-8845 W 87th St Contact us

Listing agent Bill Lundy

Listing office Brookline Real Estate Show Phone

Listing date Feb 8, 2023

Source Moodyscre

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Overview

This multi-tenant retail center in Hickory Hills, Illinois, presents a value-add investment opportunity with potential for future NOI growth. The property includes three undeveloped outlots, offering development potential. New ownership can add value by repositioning below-market gross leases into NNN market rents. Situated on approximately 6.26 acres at the southwest corner of 87th Street and 88th Avenue, just south of I-294, the center benefits from its location next to a CVS and Shell gas station, and across from the Hickory Hills Police Department. Anchored by Dollar General, the center is fully occupied by internet-resistant tenants on long-term leases. The property features differentiated businesses and contrasting rush hours, allowing for synergy and mutual benefit. The brick construction building has been well-maintained and provides 242 parking spots in a landscaped lot. Three entrances on two separate roads aid traffic flow, and cross access with CVS and Shell allows for entry for their customers as well. The property size is 41,650 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Hickory Hills

County

Cook

State

Illinois

Longitude

-87.8388

Latitude

41.7313

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FAQs

What type of property is this?

Strip mall - Value-add retail center with development potential in Hickory Hills, IL.

Where is this strip mall located?

The property is located at 8821-8845 W 87th St Hickory Hills, IL.

What are key features of this property?

This property features: Value‑add investment property with significant upside potential.; Located in a strong, transit‑oriented location in Hickory Hills near I‑294.; Anchored by Dollar General and fully occupied by internet‑resistant tenants on long‑term leases.