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Former Bank Branch — Full-Acre Chatham Corner 371 E 87th St Bureau 743 m² À vendre Chicago, IL 60619 769 037 € (1 034,73 €/m²)
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Full-acre (0.99 AC) signalized corner at 87th & King Drive — three parcels, ~300 ft of 87th St frontage
- Sold as-is, owner-direct (no broker); condition priced in — gut/retrofit opportunity in a Chatham corridor with active healthcare & pharmacy demand
- Five drive-thru lanes (two canopied) with drive-up vaults — rare queue-ready infrastructure for pharmacy, clinic, QSR or credit union
Résumé analytique
8700 S King Drive, Chicago, IL 60619 (corner parcel also addressed 347-371 E 87th St)
GN Bank is selling its former Chatham branch — owner-direct, no broker. A rare full-acre signalized-corner site at 87th & King Drive with purpose-built banking infrastructure: approximately 8,000 rentable SF (±8,430 SF gross) single-story masonry building constructed in 2000, five drive-thru lanes (two canopied) with drive-up vaults, interior vault, dedicated security room, and hardened construction throughout.
SOLD STRICTLY AS-IS / WHERE-IS. Plan a gut renovation or systems retrofit. Honest condition summary:
- The building has been vacant and secured (steel window/door guards) since late 2024.
- A November 2024 forced-entry/ATM-theft incident damaged the drive-up area, interior plumbing and electrical, and portions of the bathrooms and ceilings. Damage is unrepaired.
- Roof leakage has been documented since 2021-22; ceiling water staining is present. Buyer should budget roof work.
- The parking lot requires full replacement (owner obtained a replacement proposal in 2024).
- Electric and gas service are disconnected; buyer re-energizes.
- Full written condition disclosure and photo set available to serious buyers on request.
Why this corner: Chatham's healthcare and pharmacy demand is real — the neighborhood lost its last Walgreens in June 2026, the Ward 6 pharmacy-access pilot is active, TCA Health's 340B clinic operates 2.5 blocks east, and the corridor has seen recent conversions of former bank buildings (a national QSR redeveloped the ex-Seaway drive-thru branch nearby). The drive-thru lanes suit pharmacy, clinic, QSR, credit union, or any queue-based operation; the 42,989 SF of land supports redevelopment under B3-1 zoning (Community Shopping District).
Key facts (full spec sheet available):
- Land: 42,989 SF / 0.99 acre corner, ~300 ft of 87th Street frontage across three parcels
- Building: ~8,000 RSF single-story masonry + drive-thru canopy, built 2000
- Zoning: B3-1 · Cook County class 5-28 (bank building) · No TIF district
- Taxes: TY2024 $66,323 (all parcels; seller clears all property-tax arrears at or before closing)
- CTA #87 bus at the corner; signalized intersection
- PINs: 25-03-105-049 / -050 / -051
Terms: $875,000. As-is/where-is, no repair credits (condition is priced in). Cash or proof-of-funds preferred; quick close available — seller can deliver clear title on a normal title-company timeline. Buyer's inspections welcome during a defined diligence window.
Contact: cnduom@gnbank.net · (872) 904-6116 (owner-direct). Property page: 8700king.4619mlk.com
GN Bank is selling its former Chatham branch — owner-direct, no broker. A rare full-acre signalized-corner site at 87th & King Drive with purpose-built banking infrastructure: approximately 8,000 rentable SF (±8,430 SF gross) single-story masonry building constructed in 2000, five drive-thru lanes (two canopied) with drive-up vaults, interior vault, dedicated security room, and hardened construction throughout.
SOLD STRICTLY AS-IS / WHERE-IS. Plan a gut renovation or systems retrofit. Honest condition summary:
- The building has been vacant and secured (steel window/door guards) since late 2024.
- A November 2024 forced-entry/ATM-theft incident damaged the drive-up area, interior plumbing and electrical, and portions of the bathrooms and ceilings. Damage is unrepaired.
- Roof leakage has been documented since 2021-22; ceiling water staining is present. Buyer should budget roof work.
- The parking lot requires full replacement (owner obtained a replacement proposal in 2024).
- Electric and gas service are disconnected; buyer re-energizes.
- Full written condition disclosure and photo set available to serious buyers on request.
Why this corner: Chatham's healthcare and pharmacy demand is real — the neighborhood lost its last Walgreens in June 2026, the Ward 6 pharmacy-access pilot is active, TCA Health's 340B clinic operates 2.5 blocks east, and the corridor has seen recent conversions of former bank buildings (a national QSR redeveloped the ex-Seaway drive-thru branch nearby). The drive-thru lanes suit pharmacy, clinic, QSR, credit union, or any queue-based operation; the 42,989 SF of land supports redevelopment under B3-1 zoning (Community Shopping District).
Key facts (full spec sheet available):
- Land: 42,989 SF / 0.99 acre corner, ~300 ft of 87th Street frontage across three parcels
- Building: ~8,000 RSF single-story masonry + drive-thru canopy, built 2000
- Zoning: B3-1 · Cook County class 5-28 (bank building) · No TIF district
- Taxes: TY2024 $66,323 (all parcels; seller clears all property-tax arrears at or before closing)
- CTA #87 bus at the corner; signalized intersection
- PINs: 25-03-105-049 / -050 / -051
Terms: $875,000. As-is/where-is, no repair credits (condition is priced in). Cash or proof-of-funds preferred; quick close available — seller can deliver clear title on a normal title-company timeline. Buyer's inspections welcome during a defined diligence window.
Contact: cnduom@gnbank.net · (872) 904-6116 (owner-direct). Property page: 8700king.4619mlk.com
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Condition de vente
Location avec option d’achat
Type de bien
Bureau
Surface de l’immeuble
743 m²
Classe d’immeuble
B
Année de construction
2000
Prix
769 037 €
Prix par m²
1 034,73 €
Occupation
Mono
Hauteur du bâtiment
1 étage
Surface type par étage
783 m²
Coefficient d’occupation des sols de l’immeuble
0,19
Surface du lot
0,40 ha
Zonage
B3-1 - Affaires
Stationnement
30 places (40,36 places par 1 000 m² loué)
Caractéristiques
- Atrium
- Banque
- Ligne d’autobus
- Accès contrôlé
- Installations de conférences
- Terrain clôturé
- Système de sécurité
- Cuisine
- Espace d’entreposage
- Chauffage central
- Hauts plafonds
- Lumière naturelle
- Bureaux cloisonnés
- Réception
- Entreposage sécurisé
- Climatisation
1 1
Très praticable à pied
80/100
Exceptionnellement adapté aux voitures
100/100
Bons transports en commun
70/100
Moyennement praticable en vélo
60/100
Données démographiques
Données démographiques
1 mile
3 mile
5 mile
2020 Population
29 274
257 942
582 949
2025 Population
28 736
256 735
580 557
Croissance démographique 20–25
-1,8 %
-0,5 %
-0,4 %
2020 foyers
13 553
107 340
236 878
2025 foyers
13 141
105 108
233 439
Croissance des foyers 20–25
-3,0 %
-2,1 %
-1,5 %
Âge moyen
43
41
40
Revenu médian du foyer
46 446 $
46 819 $
49 251 $
Employés de jour
5 108
42 763
134 863
Total des entreprises
728
5 632
17 107
Diplôme universitaire et supérieur
29 %
22 %
26 %
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 194 325 € | |
| Évaluation du terrain | 94 170 € | Évaluation totale | 288 495 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
94 170 €
Évaluation des aménagements
194 325 €
Évaluation totale
288 495 €
1 sur 13
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
GN Bank
Former Bank Branch — Full-Acre Chatham Corner | 371 E 87th St
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