87th & Ridgeland Ave
6417-6421 W 87th St | Oak Lawn, IL 60453
$3,300,000
Sale Price
Property Details
| Sale Price: | $3,300,000 |
| Year Built: | 1990 |
| Property Type: | Retail |
| Building Size: | 15,810 SF |
Property Description
Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. Well maintained property boasts a 15,810 SF building on a +/-48,138sf site (roughly 1.1acres) Features 6 fully leased units. Thre property offers a solid revenue stream from day one. Renovated in 2025, it presents a contemporary, attractive space for tenants and shoppers alike. Situated in the Chicago MSA at the Oaklawn & Burbank borders , this 100% occupied strip center is a beacon for retail investors seeking a stable, high-performing asset in a thriving market. With its strategic location and strong tenant base, this property represents an exceptional addition to an investment portfolio.
Location Description
SWC of 87th & Ridgeland Ave, a vibrant Business District located in the heart of Oak Lawn. Nestled within a bustling community, this shopping destination offers an array of conveniences and attractions,
Highlights
- 15,810 SF building
- Renovated in 2025
- Located in Major Shopping & Business District
- 100% occupancy
Map
Request More Info
| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 6,586 | 54,345 | 140,066 |
| Total population | 20,316 | 149,868 | 398,624 |
| Persons per household | 3.1 | 2.8 | 2.8 |
| Average household income | $101,348 | $92,668 | $97,249 |
| Per capita income | $32,692 | $33,095 | $34,731 |
| Average house value | $294,605 | $269,900 | $279,221 |
| Average age | 40 | 40 | 40 |
| Average age male | 39 | 39 | 39 |
| Average age female | 41 | 41 | 41 |
| Population hispanic | 30.3% | 32.8% | 42.6% |
| Population non-hispanic | 14,163 | 100,718 | 228,923 |
| Population white | 66.3% | 60.2% | 50.8% |
| Population black | 3.1% | 7.3% | 9.5% |
| Population american indian | 1.4% | 1.2% | 1.7% |
| Population asian | 2.9% | 2.5% | 1.8% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population other | 12.7% | 14.9% | 20.4% |