2135-2137 E 87th St - Commercial LAND FOR SALE


Chicago, IL 60617- Calumet Heights4,147 SF
$180,000 USD
708-663-1358
2135-2137 E 87th St, Chicago, IL for Sale
$180,000 USD
Commercial LAND - FOR SALE
1/1
4,147 SF

2135-2137 E 87th St
Chicago, IL 60617
Calumet Heights


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$180,000 USD

PRICE/ACRE

$1,890,756/AC

PRICE/SF

$43 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Parking Lot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

0.1 AC

LAND SF

4,147 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

1-00

APN/PARCEL ID

25-01-203-001-0000

ASK ABOUT THIS PROPERTY

Ayanna LeeBaird & WarnerMore Info
708-663-1358

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Ayanna LeeBaird & WarnerMore Info
708-663-1358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.