Current Use by Public Records
- Retail properties & Spaces
Property Details for 8031-8039 87Th St
- Year built
- 1978
- Property type
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hickory Hills
- County
- Cook
- State
- Illinois
- Longitude
- -87.8199
- Latitude
- 41.7327
