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Faits saillants de l'investissement

  • Located along 87th Street corridor with ±182 feet of frontage for maximum exposure.
  • Walkable to Jesse Owens Park and across from the historic Chicago Vocational High School.
  • Surrounded by a mix of local businesses, multifamily properties, and stable residential communities.
  • Zoned B3-2, permitting retail storefronts, shopping centers, and apartments above ground floor.
  • Excellent connectivity to I-94 and major thoroughfares, supporting high traffic visibility.
  • Area supported by recent multifamily transactions demonstrating investment activity and growth.

Résumé de l'annonce

Positioned at the intersection of E. 87th Street and Merrill Avenue, this ±7,196 SF parcel offers a rare infill development opportunity in one of Chicago’s established commercial corridors. Zoned B3-2 (Community Shopping District), the site supports a wide range of potential uses, including retail, mixed-use, and apartment units above ground-floor commercial space. With a generous 182 feet of frontage along 87th Street, the property delivers strong visibility and accessibility for future occupants and visitors.
This location benefits from direct proximity to Chicago Vocational High School and is within walking distance to Jesse Owens Park, providing a steady stream of pedestrian and vehicular traffic. The surrounding neighborhood features a diverse mix of multifamily housing, single-family residences, and local businesses, fostering a vibrant trade area that supports retail and service-oriented development.
Excellent connectivity to I-94, major city arterials, and nearby commercial hubs enhances the site’s marketability for developers and investors seeking a community-centric project. High daily traffic counts further underscore the property's potential for a wide variety of retail, service, or mixed-use concepts. With multiple nearby multifamily transactions signaling strong demand in the area, this parcel represents a compelling acquisition for developers looking to capitalize on Chicago’s sustained urban growth.

Pièces jointes

Notice d’offre

Faits sur la propriété

Prix 253 074 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Terrain commercial
Utilisation proposée Commercial
Taille totale du lot 0,16 AC
Zonage B3-2 - Shopping centers, large stores, and retail storefronts. Allows more types of businesses than B1 and B2. Apartments permitted above the ground floor.

1 Lot disponible

Lot

Prix 253 074 $ CAD
Prix par AC 1 581 709,94 $ CAD
Taille du lot 0,16 AC

Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 districts. Apartments permitted above the ground floor.

Description

2135–2137 E. 87th Street is a vacant land parcel totaling approximately 7,196 square feet, located at the intersection of E. 87th Street and Merrill Avenue in Chicago, Illinois. It is zoned B3-2, allowing for commercial and mixed-use development. The site is positioned across from Chicago Vocational High School and near Jesse Owens Park, with surrounding uses including local businesses, single-family residences, and multifamily properties. The parcel fronts an established retail corridor and offers access to major roads and interstate routes, including I-94.

Moyennement practicable à pied
60/100
Très facile d'accès en voiture
80/100
Transports en commun relativement accessibles
50/100
Plutôt praticable en vélo
50/100

Impôts fonciers

Impôts fonciers

Numéro de lot
25-01-203-001-0000
Évaluation du terrain
5 569 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
5 569 $ CAD
  • ID d’inscription: 40498064

  • Date de mise sur le marché: 2026-05-12

  • Dernière mise à jour:

  • Adresse: 2135-2137 E 87th St, Chicago, IL 60617

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