Building Details

Building Size 3,200 SF

Year Built 1988

Listed By: Karen Kulczycki, CCIM, SIOR · License #IL #471020279 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Sep 26 Last Checked: Oct 4 at 8:05AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karen Kulczycki, CCIM, SIOR

Investment Insights

Based on property information with market context.

This is a freestanding restaurant encompassing approximately 3,200 square feet, including a patio, situated at 10331 S. Roberts Road in Palos Hills, Illinois. The property presents an owner/user opportunity. The interior has a capacity for 150 patrons, complemented by an outdoor patio accommodating approximately 180 guests. Numerous improvements have been made, including updates to the kitchen, hood, HVAC system, roof, bar, plumbing, patio fireplace, entertainment system, restroom addition, parking lot, and digital signage. The on-site parking lot provides 28 surface spaces and is located next to City Hall. Palos Hills is located in Cook County, approximately 26 miles south of Downtown Chicago. The City of Palos Heights has access to the Interstate System, two Metro Stations, and Midway Airport. The property features frontage on Roberts Road.

Key Highlights

• ±3,200 SF Free Standing Restaurant with large patio (seats 180) and indoor capacity for 150.
• Recent renovations including updated kitchen, hood, HVAC, roof, bar, plumbing, patio fireplace, entertainment system, restroom addition, parking lot, and digital signage.
• Onsite parking lot with 28 surface spaces.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,568

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,071,360 $1.1M

Cap Rate 7%

$765,257 $765.3K

Cap Rate 9%

$595,200 $595.2K

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$76.8K $24.00/SF

− Vacancy

−$5.4K −$1.68/SF

EGI

$71.4K $22.32/SF

− OpEx

−$17.9K −$5.58/SF

NOI

$53.6K $16.74/SF

Area

Cook County, IL

Vacancy

7.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,071,360

Cap Rate 7%

$765,257

Cap Rate 9%

$595,200

Alternative Uses

Best Use

Specialty Retail

$765.3K

$669.6K – $892.8K (±1% cap)

NOI $53,568 @ 7.0% cap · market cap 7.71%

Second Best

Retail

$634.5K

$555.2K – $740.3K (±1% cap)

NOI $44,417 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$1.10M

$966.7K – $1.29M (±1% cap)

NOI $77,337 @ 7.0% cap · market cap 11.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

ATM Atm Hadramout Palace Restaurant

Suggested Use

Top Pick Real Estate Agency Garden Center Parking Lot & Garage Plumbing Service Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

905

Businesses Nearby

9k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

PNC Bank Shops & Services

7,545 visits/mo 0.3 miles

FedEx Office Print & Ship Center Shops & Services

1,269 visits/mo 0.2 miles

Demographics for 60465, IL

18,530

Population

7,885

Households

2.4

Avg Household Size

42

Median Age

25%

College-Educated

87%

High-School Grad

4.3 sq mi

ZIP Area

4,309

Density / Sq Mi

$83,969

Median Household Income

$50,990

Median Earnings

$1,267

Median Rent

$259,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

First Floor Condo with Garage

9198 South Road #A, Palos Hills, IL 60465

$265,000

1,600 SF

View details

Veterinary Medical Center

10504 S Roberts Road, Palos Hills, IL 60465

$99,900

1,200 SF

View details

Similar Off Market Nearby

• Valley Inn Catering — 10620 S Roberts Rd, Palos Hills, IL 60465
• S & K Stevens Management Co — 10135 S Roberts Rd # 201, Palos Hills, IL 60465

Frequently Asked Questions

What type of property is this?

Restaurant - Free standing restaurant with patio in Palos Hills, Illinois.

Where is this restaurant located?

The property is located at 10331 S Roberts Rd Palos Hills, IL.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: ±3,200 SF Free Standing Restaurant with **large patio (seats 180) and indoor capacity for 150**.; Recent renovations including updated kitchen, hood, HVAC, roof, bar, plumbing, patio fireplace, entertainment system, restroom addition, parking lot, and digital signage.; Onsite parking lot with 28 surface spaces.