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6421 W 87th Street Oak Lawn, IL $ 3,300,000
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6421 W 87th Street
$ 3,300,000
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6421 W 87th Street

Oak Lawn, IL, 60453
$ 3,300,000
Bedrooms-- Baths-- Sq 15,810
6421 W 87th Street, Oak Lawn, IL 60453 - Image 1
6421 W 87th Street, Oak Lawn, IL 60453 - Image 2

Property for Rent in Oak Lawn, IL

for $3,300,000. This 15,810 square foot property was built in 1968 on a lot size of 1.10399.

Offering a prime investment opportunity in Oak Lawn, IL: 6417-6421 W 87th St. The well-maintained property boasts a 15,810 SF building on a +/-48,138 site (roughly 1.10 acres) Features 6 fully leased units. The 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 Oak Lawn & Burbank borders, this Fully 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.

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Rental Active

Price

$ 3,300,000

Taxes

$ 107,711

Style

Retail

Lot Size

1.10399

Year Built

1968

Town/City

Oak Lawn

County/Region

Cook

MLS | Web ID

12436224
Features
General
Cooling Central Air
Possession Closing Immediate
Roof Membrane
Zoning COMMR
Construction Materials Brick Other Pre-cast Stucco
Year Built 1968
Electric Circuit Breakers Separate Meters
Tenant Pays Common Area Maintenance Electricity Heat Janitorial Service Taxes Scavenger Varies by Tenant
Stories Count 1
Township Worth
Tax Year 2023
Current Use Commercial Office
Gross Income 414915
Business Type Retail
County Cook
Net Operating Income 254336
Operating Expense 160579
Insurance Expense 10160
Property Type Commercial Sale Retail/Stores
Status Active
Directions Ridgeland Ave North or South to 87th St 87th St East or West to Address
City Oak Lawn
Number Of Units Total 6
MLS Area Oak Lawn
Lot Size Square Feet 48090
Tax Annual Amount 107711
Electric Expense 4424
Fuel Expense 1787
Trash Expense 1581
Water Sewer Expense 4161
Additional Parcels Y/N N
Leasable Area 15810
Lease Type Modified Gross
Standard Status Active
Cap Rate 7.71
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 15810
Lot Dimensions 344X240X218X125X38X115
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* Excluded Features
List By
Network Property Managment Llc

Broker

adam@networkregroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/2/2025$3,300,000 Listed Price

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6421 W 87th Street, Oak Lawn, IL, 60453 is a Property for Rent at $3,300,000 with 15,810 sqft and a lot size of 1.10399. 6421 W 87th Street was built in 1968. The property's zip code is 60453 which is in Oak Lawn, IL

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