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6417-6419 W 87th St 15,810 SF 100% Leased Retail Building Oak Lawn, IL 60453 $4,522,353 CAD ($286.04 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 |
$568,604
|
$35.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$568,604
|
$35.96
|
| Taxes |
$147,608
|
$9.34
|
| Operating Expenses |
$72,451
|
$4.58
|
| Total Expenses |
$220,059
|
$13.92
|
| Net Operating Income |
$348,545
|
$22.05
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $568,604 |
| Annual Per SF | $35.96 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $568,604 |
| Annual Per SF | $35.96 |
| Taxes (CAD) | |
|---|---|
| Annual | $147,608 |
| Annual Per SF | $9.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $72,451 |
| Annual Per SF | $4.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $220,059 |
| Annual Per SF | $13.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $348,545 |
| Annual Per SF | $22.05 |
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
$4,522,353 CAD
Price Per SF
$286.04 CAD
Cap Rate
7.71%
NOI
$348,545 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
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-06-214-018-0000 | Total Assessment | $512,386 CAD (2025) |
| Land Assessment | $166,232 CAD (2025) | Annual Taxes | $147,608 CAD ($9.34 CAD/SF) |
| Improvements Assessment | $346,154 CAD (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
24-06-214-018-0000
Land Assessment
$166,232 CAD (2025)
Improvements Assessment
$346,154 CAD (2025)
Total Assessment
$512,386 CAD (2025)
Annual Taxes
$147,608 CAD ($9.34 CAD/SF)
Tax Year
2024 Payable 2024
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6417-6419 W 87th St
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