8031-8039 87Th StHickory Hills, IL 60457

For Sale
$799,900

Four-unit retail strip, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, four-unit retail strip located at 8031-8039 87th Street in Hickory Hills, Illinois. The property boasts a total of 6,200 square feet on a half-acre lot, with 3,525 square feet of net rentable space. Built in 1978, this single-story brick building features ample parking for 30 vehicles, strategically located both in front and rear. Three of the four units have recently updated HVAC systems, and one unit (8037) has undergone a complete renovation, including new HVAC, plumbing, electrical, flooring, and a fresh coat of paint. The property is zoned for commercial use (C1). Currently, two units are occupied by long-term tenants: a fast-food establishment paying $1,960 per month and a barbershop paying $1,600 per month. Two additional units were recently leased for $3,000 per month combined, totaling 2,535 square feet and fully equipped for a supermarket or restaurant, including all equipment (available upon request). This includes built-in coolers, walk-in coolers, an industrial-size freezer, grills, and cold cut compartments. Another 1,000 square foot unit rents for $1,000 per month. The property features a newer roof. The total monthly rental income is $7,560. Property taxes are under appeal and are expected to be reduced to $35,000 annually. This well-maintained property presents a strong, stable income stream in a high-traffic location. The Cook County APN is 23022060060000.

Highlights

  • Fully occupied four-unit retail strip, 6,200 sq ft on a half-acre lot in Hickory Hills, IL.
  • 3,525 sq ft of net rentable space, 30 parking spaces.
  • Single-story brick building (1978), newer roof, three units with updated HVAC.
  • One unit fully renovated (8037), C1 zoning.
  • $7,560 monthly rental income; two long-term tenants (fast food, barbershop).
  • Property taxes under appeal, expected to be $35,000 annually.

Property Details for 8031-8039 87Th St

Property type
Other retail properties, Retail properties
Square Feet
6,200 SF
Year Built
1978
Stories
1
Units
4

Location Insight

City
Hickory Hills
County
Cook
State
Illinois
Latitude
41.7326917
Longitude
-87.8199357
8031-8039 87Th St, Hickory Hills, Illinois

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8031-8039 87Th St
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