Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    210 West 87Th St Chicago, IL 60620
    Back to Search
    Property profile & analytics

    210 West 87Th St Chicago, IL 60620

    View on Map
    • Commercial real estate
    For Lease
    View Listing →
    Chicago Movie Theater For Lease For Lease
    Contact for pricing
    65,186 SF

    Chicago Movie Theater For Lease

    Fully built-out movie theater with 14 screens and ample parking.

    210 West 87th Street, Chicago, IL 60620
    View Listing
    Property ID
    US28-5546778
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Studio Movie Grill / Bar & Pub

    Property Details for 210 West 87Th St

    Property type
    Commercial real estate

    Description

    This exceptional retail opportunity presents two available pads totaling 10,400 to 13,000 contiguous square feet, situated within the vibrant Chatham neighborhood of Chicago, Cook County. Developed alongside the newly renovated Emagine Cinema Chatham at 210 West 87th Street, this property benefits from a prime location in a dense retail trade area boasting an average population of 276,103 within a 3-mile radius. The site offers excellent visibility and accessibility, with convenient access to I-94 and the CTA Red Line, resulting in a combined daily traffic count exceeding 200,000 vehicles. This strategic location ensures high foot traffic and strong potential for attracting a diverse customer base. The property's strength is further enhanced by its proximity to a variety of established national retailers, including Home Depot, Lowe's, Walmart, Aldi, Starbucks, Dunkin' Donuts, and Dollar Tree, among others. Furthermore, the property enjoys a significant competitive advantage as the only movie theatre within a 7-mile radius, guaranteeing a substantial and unique draw for potential tenants. The property includes 98 total parking spaces, ensuring ample convenience for customers and employees. The two suites offer a combined total of 10,400 minimum and 13,000 maximum contiguous square feet, providing flexibility for various retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.630445179128
    Latitude
    41.73903055238

    Comparable in this City

    • Contact for pricing
      1,800 SF

      Retail Space Near Dan Ryan

      Retail space with high visibility near the Dan Ryan Expressway.
      118-120 W 87Th St, Chicago, IL 60620
      View Details
    • Contact for pricing

      Retail Space in High Traffic

      Commercial space in high-traffic area near shops.
      S Ashland Ave, Chicago, IL 60620
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Public Transit

      Retail space in a dense urban corridor near transit.
      201-205 W 87Th St, Chicago, IL 60620
      View Details
    • $20 SF/Yr

      Auburn Gresham Retail Opportunity

      Retail space in Chicago's Auburn Gresham neighborhood, high-traffic location.
      1634-1642 W 79Th St, Chicago, IL 60620
      View Details
    • Contact for pricing
      13,847 SF

      Retail Space Near Dan Ryan

      Retail space with high visibility near the Dan Ryan Expressway.
      112 W 87Th St, Chicago, IL 60620
      View Details
    • Contact for pricing

      Retail Space Near Transportation Hub

      Retail space in a high-traffic, densely populated area.
      7842 S Western Ave, Chicago, IL 60620
      View Details

    Similar Nearby for Sale

    • $499,000

      Chatham Market Outlot Opportunity

      Prime 0.68-acre outlot in established retail destination.
      201 W 83Rd St, Chicago, IL 60620
      View Details
    • $459,000
      3,000 SF

      Chicago Commercial Buildings For Sale

      Three commercial buildings in a busy Chicago neighborhood retail location.
      1753-1759 W 79Th St, Chicago, IL 60620
      View Details
    • $675,000

      7,056 SF Retail Center

      Five-unit retail center with parking on W 79th Street.
      1741 W 79Th St, Chicago, IL 60620
      View Details
    • $190,000
      0.26 Acres

      Chicago Restaurant Opportunity For Sale

      Restaurant for sale on a busy Chicago cross street.
      1733 W 87Th St, Chicago, IL 60620
      View Details
    • $160,000

      Auburn Gresham Storefront Opportunity

      Storefront in Auburn Gresham, ideal for investors or entrepreneurs.
      1753 W 79Th St, Chicago, IL 60620
      View Details
    • $200,000

      Two-Tenant Retail Property For Sale

      5,100 SF retail property near 95th/Dan Ryan Red Line.
      9440-44 S Lafayette Ave, Chicago, IL 60620
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Near Dan Ryan

      Retail space with high visibility near the Dan Ryan Expressway.
      118-120 W 87Th St, Chicago, IL 60620
      View Details
    • $15 SF/Yr

      Retail Center with Flexible Space

      Retail center featuring flexible space and ample parking.
      1741 W 79Th St, Chicago, IL 60620
      View Details
    • $15 SF/Yr

      Retail Center with Flexible Space

      Retail center with leasable space and flexible floor plan.
      1741 W 79Th St, Chicago, IL 60620
      View Details
    • $18 SF/Yr

      Retail Space Near CTA Terminal

      Retail space with parking near public transportation in Ashburn.
      7842 S Western Ave, Chicago, IL 60620
      View Details
    • Contact for pricing

      Auburn Gresham Commercial Space Available

      Prime 1,800 sq.ft. space ideal for retail or office use.
      1710 W 79Th St, Chicago, IL 60620
      View Details
    • $20 SF/Yr
      851 SF

      Retail Space on 79th Street

      New construction retail space with high visibility and frontage.
      1642 W 79Th St, Chicago, IL 60620
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 West 87Th St
    Chicago, IL 60620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    210 West 87Th St, Chicago, IL, 60620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!