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712 E 87th St 8560 S Cottage Grove Ave
1,250 - 16,576 SF of Retail Space Available in Chicago, IL 60619
Highlights
- 87th & Cottage Grove offers retail storefront units suitable for a wide range of uses, including retail, restaurant, office, and medical.
- Significant surface parking with over 500 car spaces for customers and employees.
- Easily accessible center ideally located in Chatham less than a mile from I-94/the Dan Ryan Expressway and the 87th Street Metra Station - Red Line.
- Strong national tenant base with retailers such as Chase Bank, Subway, AT&T, and anchor tenants Nike, Discover Card Services, and Walgreens.
- Excellent visibility and frontage along 87th Street and S Cottage Grove Avenue, among a densely populated area with high traffic counts.
Space Availability (4)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,250 SF | Negotiable | £15.69 /SF/PA £1.31 /SF/MO £168.87 /m²/PA £14.07 /m²/MO £19,610 /PA £1,634 /MO | Triple Net | ||
| 1st Floor | 3,841 SF | 5 Years | £11.77 /SF/PA £0.98 /SF/MO £126.65 /m²/PA £10.55 /m²/MO £45,194 /PA £3,766 /MO | Triple Net | ||
| 1st Floor, Ste 26 | 6,500 SF | 5-10 Years | £15.69 /SF/PA £1.31 /SF/MO £168.87 /m²/PA £14.07 /m²/MO £101,973 /PA £8,498 /MO | Triple Net | ||
| 1st Floor, Ste 9 | 4,985 SF | Negotiable | £10.20 /SF/PA £0.85 /SF/MO £109.76 /m²/PA £9.15 /m²/MO £50,834 /PA £4,236 /MO | Triple Net |
712 E 87th St - 1st Floor
- Lease rate does not include utilities, property expenses or building services
712 E 87th St - 1st Floor
- Lease rate does not include utilities, property expenses or building services
712 E 87th St - 1st Floor - Ste 26
Existing 6,500-square-foot restaurant with significant parking.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Significant parking
- Strong visibility and co-tenants
712 E 87th St - 1st Floor - Ste 9
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
TENANTS AT 712 E 87th St
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- NIKE
- Shoes
- -
- 04/2020
- 487
- International
NIKE, Inc. is a team comprised of the Nike, Jordan and Converse brands driven by a shared purpose to leave an enduring impact. With a global footprint, culture of innovation and team-first mentality, NIKE takes action to create a future of continual progress for athletes, sport and the world. NIKE champions continual progress for athletes and sport by taking action to help athletes reach their potential. Every job at NIKE, Inc. is grounded in a team-first mindset, cultivating a culture of innovation and a shared purpose to leave an enduring impact.
- America's Kids
- Children Apparel
- -
- 06/2012
- 18
- National
America's Kids is an exciting and innovative children’s apparel and gear retail company. They are family-operated chain carrying the top brands in children’s fashion. They suit the needs of modern families with products at great values and wide selections. Founded in New York City in 2004 and built with the customer-first focus, affordable prices and quality brands, America's Kids now has over 20 retail store locations in United States. America’s Kids offers the latest kids clothing, youth apparel and children's fashions.
- Chase Bank
- Bank
- -
- -
- 7,729
- National
Chase Bank is proud to serve millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with trillions of dollars in assets and operations worldwide.
- AT&T Wireless
- Wireless Communications
- -
- -
- 11,432
- International
Our world is rapidly being transformed by the widespread and growing availability of connectivity. And AT&T is leading the charge with their nationwide fast, reliable and secure 5G coupled with their growing, multi-gig fiber home internet service. As much as we depend on broadband connectivity today, they think this is only the beginning. They're strengthening their network to enable everything from smarter homes and cities to high-quality remote healthcare, augmented and virtual reality and sophisticated new workplace collaboration tools. Providing those connections is in AT&T’s DNA. Ever since Alexander Graham Bell’s telephone more than many years ago, they've been a leader in connecting people and businesses. They believe they have the resources, focus, expertise and people to be the best connectivity provider through 5G and fiber.
- DTLR | VILLA
- Shoes
- -
- -
- 371
- National
DTLR/VILLA is one of the country's most successful lifestyle retailers with over 250 stores in 19 states. In fusing together there passion for fashion, entertainment, sports, and community empowerment, there is no doubt they run the streets. In the fall of 2017, DTLR Inc. joined forces with the lifestyle retailer Sneaker Villa Inc. to form one of the nation's largest fashion chains. As they accelerate there growth, you can look forward to DTLR/VILLA continuing to bring you the hottest and latest fashions provided by top apparel and footwear brands like NIKE, JORDAN, ADIDAS, LEVIS, TIMBERLAND, UGG, NORTH FACE, CHAMPION, THE BILLIONAIRE BOYS, TOMMY HILFIGER, ETHIKA, PUMA, FILA, NEW ERA CAP, and MITCHELL & NESS. Make no mistake: now, "Better Together," they are the PLUG for young, trendsetting multicultural audiences.
- Destiny Dental
- MD/DDS
- -
- 05/2014
- 24
- Local
Destiny Dental was founded with the goal of providing convenient access to high quality, affordable dental care for the communities they serve by empowering their team of highly skilled dental professionals. Their dental offices are designed with the entire family in mind. They see patients of all ages. They are open evenings and weekends and proudly accept most insurances and Medicaid. No insurance? No problem. They have a discount payment plan that’s right for you. Oral health is critical to your overall health and well-being. They are committed to working with you to make sure you get the dental care you need.
- Jackson Hewitt Tax
- Acctg/Tax Prep
- -
- -
- 8,749
- National
For millions of Americans, Jackson Hewitt is the front door to the tax ecosystem. Every year, more than 13,000 Tax Pros at nearly 5,700 locations nationwide work one-on-one with millions of the hardest-working Americans to help them navigate the complexities of the tax code, to make sure that they get every credit, deduction, and dollar they deserve. Their 40 years of experience helping taxpayers navigate the tax ecosystem gives them keen insight into how to make it better. As the second-largest assisted tax prep company in the U.S., they have deep roots in communities across the country. Their Tax Pros take the time to connect with clients one on one. Every Jackson Hewitt Tax Pro must complete hours of mandatory training and pass an annual test, which includes special courses on due diligence, compliance, and ethics, before completing tax returns for their clients. Their Tax Office Essentials training provides 35+ tax education courses, updated annually.
- Walgreens
- Drug Store
- -
- -
- 10,370
- International
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
- Captain Hooks Fish & Chicken
- Restaurant
- -
- -
- 1
- Local
Captain Hooks Fish and Chicken has been serving the great area of Chatham for close to 20 years and have strived due to their commitment to always offering great customer service and Fresh Quality Food. Sadly after almost 20 Years they have closed their doors....of their old location and moved a stones throw away next door. They are still located in Chatham Village square on Cottage Grove but instead they are located right next door to Target department store.
- Kids Foot Locker
- Retailer
- -
- -
- -
- -
- B Fresh
- Unisex Apparel
- -
- -
- 1
- Local
Sportswear and clothing retailer located in Chicago, Illinois since 2021.
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| NIKE | Shoes | - | 04/2020 | 487 | International |
| America's Kids | Children Apparel | - | 06/2012 | 18 | National |
| Chase Bank | Bank | - | - | 7,729 | National |
| AT&T Wireless | Wireless Communications | - | - | 11,432 | International |
| DTLR | VILLA | Shoes | - | - | 371 | National |
| Destiny Dental | MD/DDS | - | 05/2014 | 24 | Local |
| Jackson Hewitt Tax | Acctg/Tax Prep | - | - | 8,749 | National |
| Walgreens | Drug Store | - | - | 10,370 | International |
| Captain Hooks Fish & Chicken | Restaurant | - | - | 1 | Local |
| Kids Foot Locker | Retailer | - | - | - | - |
| B Fresh | Unisex Apparel | - | - | 1 | Local |
PROPERTY FACTS FOR 8560 S Cottage Grove Ave , Chicago, IL 60619
| Centre Type | Community Center | Frontage | |
| Parking | 1,728 Spaces | Gross Leasable Area | 124,197 SF |
| Stores | 29 | Total Land Area | 19.89 AC |
| Centre Properties | 3 | Year Built | 2002 |
| Centre Type | Community Center |
| Parking | 1,728 Spaces |
| Stores | 29 |
| Centre Properties | 3 |
| Frontage | |
| Gross Leasable Area | 124,197 SF |
| Total Land Area | 19.89 AC |
| Year Built | 2002 |
About the Property
87th & Cottage Grove is a 263,000-square-foot power shopping center located in the densely populated Chicago neighborhood of Chatham. This bustling 30-unit center offers exceptional storefront opportunities with ample surface parking, surrounded by a strong national tenancy in and around the center. Major tenants include Nike, Walgreens, Chase Bank, AT&T, Discover Card Services, Kids Foot Locker, Jackson Hewitt Tax Service, and more. A variety of retail suites are available with move-in-ready options, ideal for tenants like fast-food franchises, retail, restaurants, offices, and medical users. The property's positioning along the main retail corridor of S Cottage Grove Avenue grants it superior connectivity and visibility, enhancing its efficacy for a wide range of uses. 87th & Cottage Grove provides superior frontage at a four-way, signalized intersection with traffic counts of 19,400 cars per day along S Cottage Grove Avenue and over 20,680 daily drivers along E 87th Street. Situated on Chicago’s South Side, Chatham offers residents an urban aesthetic with a host of suburban amenities, such as national retailers, chain restaurants, lush parks, and recreation. Getting around from Chatham is easy, with access to several Metra rail stations and well-connected significant area thoroughfares and highways. 87th & Cottage Grove is ideally positioned less than a mile from Interstate 94/the Dan Ryan Expressway and the 87th Street Metra Station - Red Line, providing seamless access to and from the property.
- 24 Hour Access
- Banking
- Bus Route
- Restaurant
- Signage
Marketing Brochure
DEMOGRAPHICS
Demographics
About South Chicago
Stretching from the southern tip of Chicago all the way north to Roosevelt Road, South Chicago is home to some of the area’s most revered cultural sites and institutions, including the University of Chicago, Soldier Field, Buckingham Fountain, and numerous museums. In addition, the area features the nation’s largest convention center, the 2.6-million-square-foot McCormick Place Convention Center, which generates nearly $2 billion of economic activity each year. These traffic drivers, as well as the area’s dense network of neighborhoods that house nearly 1 million people, help fuel a diverse and dynamic retail environment that supports numerous national and local retailers.
National retailers and restaurants have targeted the area’s primary north-south corridors of State Street, Halsted Street, and Western Avenue. The greatest density of retailers is in the far northern portion of the area, near the Central Business District, as well as in Hyde Park, which is home to the University of Chicago. Retailers such as Target, CVS, and Walgreens all maintain a presence here, as well as a plethora of both casual and quick-dining options. The area is growing denser, as well, as growing populations in the South Loop, Hyde Park, and South Shore neighborhoods have supported retail growth.
Demand growth and limited new development have increased competition among retail spaces in South Chicago, though the area still offers affordability.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Captain Hooks Fish & Chicken | - | - | 1 min walk |
| Subway | - | - | 1 min walk |
| New China Express | American | £ | 1 min walk |
| Sizzlin Skillet | Steakhouse | £££ | 3 min walk |
| Reggio's Pizza | Pizza | - | 5 min walk |
| Dunkin' | Cafe | - | 8 min walk |
| Dat Donut | Fast Food | £ | 12 min walk |
| Tasty Chicken | Chicken | - | 17 min walk |
| Seafood Junction | Seafood | ££ | 17 min walk |
Retail |
||
|---|---|---|
| DTLR | Shoes | 1 min walk |
| AT&T Wireless | Wireless Communications | 1 min walk |
| Kids Foot Locker | Shoes | 1 min walk |
| Chase Bank | Bank | 1 min walk |
| Walgreens | Drug Store | 3 min walk |
| PNC Bank | Bank | 3 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 6 min walk |
| GameStop | Game Store | 5 min walk |
| Nike | Shoes | 7 min walk |
| Dollar General | Dollar/Variety/Thrift | 10 min walk |
Leasing Agent
Leasing Agent
-
Nick Tadros -
TF Portfolio
Presented by
712 E 87th St | 8560 S Cottage Grove Ave
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