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41-51 W 87th St
Chicago, IL 60620 West Chatham

Price Upon Request

Freestanding For Sale  •  5,928 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,928 SF
  • Lot Size 0.94 AC
  • Building Class A
  • Year Built 2017
  • Tenancy Multiple
  • Zoning B3-1
69 Transit Score
80 Walk Score

Highlights

Fully Stabilized Multi-Tenant Investment - Each tenant has occupied the Property since it was built in 2017.
Strong Store Sales - Chipotle and GNC’s reported sales are well above the national average.
Ideal Unit Sizes - Each suite is between 1,200 – 2,538 square feet.
Structured Rental Increases - There are 10% rent increases every 5 years during the initial term and in the option periods.
Recent Tenant Improvements - Since being acquired by T-Mobile in 2020, Sprint has re-branded all their retail operations to T-Mobile.
The Property is located within a grocery-anchored center with other tenants like Floor & Decor, Wendy’s, and Home Furniture Outlet.

Amenities

  • Bus Line
  • Commuter Rail
  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
Gresham Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min - 1.1 mi
91St Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.9 mi
Transit/SubwayDriveWalkDistance
87Th Street Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 5 min 0.3 mi
95Th/Dan Ryan Terminal (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 20 min - 10.7 mi
Chicago O'Hare International 42 min - 27.8 mi