1607 W 87th St | Chicago, IL 60620
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- LoopNet Team
1607 W 87th St
Chicago, IL 60620
Vacant Chicago QSR on Developable Parcel · Retail Property For Sale
Investment Highlights
- The site offers an investor or user the opportunity to acquire a prominent Chicago parcel primed for redevelopment, with a QSR of 1,000 SF.
- Value-add opportunity to acquire a stake in the growing Chicago retail market with a freestanding retail building with two drive-thrus.
- Chicago's retail success has largely been driven by prominent restaurant scene, which includes market gains in the quick-service industry.
- Located at the the intersection of 87th Street and Ashland Avenue, providing a signage opportunity with visibility to 30,000 vehicles per day.
- Robust surrounding demographics include a population of 720,000 people with 5 miles who spent over $6 billion in 2023 alone.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Building Size
1,000 SF
Building Class
F
Year Built
1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.28 AC
Parking
7 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 25-06-206-048-0000 | Improvements Assessment | $35,156 |
| Land Assessment | $27,844 | Total Assessment | $63,000 |
PROPERTY TAXES
Parcel Number
25-06-206-048-0000
Land Assessment
$27,844
Improvements Assessment
$35,156
Total Assessment
$63,000
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