1058 87Th St Chicago, IL 60620
- Retail properties
- 0.14 lot acres
Current Use by Public Records
- Maxwell Express / Restaurant / Fast Food Restaurant
Property Details for 1058 87Th St
- Year built
- 1955
- Lot size
- 0.14 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a thriving fast-food business and its accompanying freestanding building, located at 1058 W 87th St in Chicago, Illinois. The property, situated on a 0.143-acre lot, boasts a 600-square-foot building constructed in 1955. Currently operating at 100% occupancy as a Maxwell Express restaurant, this single-unit, single-story establishment enjoys a prime location on a busy street corner, directly adjacent to a bus stop, ensuring high visibility and convenient access for customers. The business demonstrates strong financial performance, averaging $14,000 in monthly sales. The sale includes the building, the established business, all related equipment, and trade fixtures. The property's Cook County APN is 20-32-426-030-0000. Real estate taxes are $4,811 annually. The asking price of $250,000 excludes inventory. This owner-user opportunity offers a blend of established income and significant potential for future growth in a densely populated area with a mix of chain and independent businesses. The permitted zoning is available upon request. This is a turnkey operation ready for a new owner to step in and continue the success.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6507
- Latitude
- 41.7362
