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    12331 S Harlem Ave Palos Heights, IL 60463

    For Lease
    $27 SF/Yr

    Commercial Lease - Palos Heights, IL

    Days on Market:
    150
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 12331 S Harlem Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Number of units
    1
    Flooring type
    Wood
    Architectural style
    Other

    Century 21 Pro-Team (708) 398-6400 [email protected]

    Listing agent Mark Vaccaro (708) 361-0800 License #471021485

    Listing date Jul 18, 2025

    MLS# 12423581 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palos Heights Storefront in Shopping District

    This 1007 sq ft storefront is located in the heart of the Palos Heights shopping district. Situated in a busy strip mall, the unit benefits from a prime location and ample parking in both the front and rear. The space is 95% wide open, measuring 19x53 feet, and includes a 16x9 office space with ceramic tile flooring, a 16x5 kitchenette with hardwood flooring, and a bathroom. Hardwood flooring extends throughout the main area. The space is in very good condition and features ample overhead lighting. It also has both front and rear customer entrances. Potential uses include a discount store, clothing store, office, or specialty store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diliberto Real Estate ... Real Estate Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palos Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.7961623
    Latitude
    41.6670749

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    FAQs

    What type of property is this?
    Strip mall - 1007 sq ft storefront in Palos Heights shopping district.
    Where is this strip mall located?
    The property is located at 12331 S Harlem Ave Palos Heights, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of the Palos Heights shopping district.; - Ample parking available in both front and rear of the property.; - Versatile 1007 sq ft storefront suitable for various business types.
    (708) 361-0800
    Request Owner's contact information
    12331 S Harlem Ave Palos Heights, IL 60463
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    Palos Heights, IL 60463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12331 S Harlem Ave Palos Heights, IL 60463
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