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6417-6419 W 87th St 15,810 SF 100% Leased Retail Building Oak Lawn, IL 60453 $4,606,536 CAD ($291.37 CAD/SF) 7.71% Cap Rate
INVESTMENT HIGHLIGHTS
- 15,810 SF building
- 100% occupancy
- Renovated in 2025
- Located in Major Shopping & Business District
EXECUTIVE SUMMARY
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 +/-48,138 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 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$579,188
|
$32.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$579,188
|
$32.86
|
| Taxes |
$150,356
|
$8.53
|
| Operating Expenses |
$73,800
|
$4.19
|
| Total Expenses |
$224,155
|
$12.72
|
| Net Operating Income |
$355,033
|
$20.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $579,188 |
| Annual Per SF | $32.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $579,188 |
| Annual Per SF | $32.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $150,356 |
| Annual Per SF | $8.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $73,800 |
| Annual Per SF | $4.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $224,155 |
| Annual Per SF | $12.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $355,033 |
| Annual Per SF | $20.14 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,810 SF
Building Class
C
Year Built/Renovated
1962/2025
Price
$4,606,536 CAD
Price Per SF
$291.37 CAD
Cap Rate
7.71%
NOI
$355,033 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
C-2 Retail/Office - Business District
Parking
49 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Tenant Controlled HVAC
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 24-06-214-018-0000 | Total Assessment | $522,446 CAD |
| Land Assessment | $169,495 CAD | Annual Taxes | $150,356 CAD ($9.51 CAD/SF) |
| Improvements Assessment | $352,950 CAD | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
24-06-214-018-0000
Land Assessment
$169,495 CAD
Improvements Assessment
$352,950 CAD
Total Assessment
$522,446 CAD
Annual Taxes
$150,356 CAD ($9.51 CAD/SF)
Tax Year
2024 Payable 2024
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6417-6419 W 87th St
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