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    Commercial Space in Palos Hills Title is generated by Realmo AI

    10616 S Roberts Road, Palos Hills, IL 60465

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    COMMERCIAL - Palos Hills, IL

    Type:Retail
    Added:
    May 6, 2026
    Days on Market:
    12
    Last Refresh:
    May 17 at 5:06 pm

    Property Features for 10616 S Roberts Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8900

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Building materials
    Concrete, Brick

    We can help!

    Listing Contact
    Frank Ristucci
    Frank Ristucci

    Listing agent Frank Ristucci License #475.162855

    Listing office RE/MAX Ultimate Professionals 850 Brook Forest Ave., Shorewood, IL

    Listing date May 6, 2026

    MLS# 12639902

    Copyright © 2026 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.

    HighLights

    • Constructed with durable concrete and brick.
    • Features central air conditioning for year‑round comfort.
    • Built in 1950.
    • Property Details Available
    • Additional Property Details Available
    • Description Available

    Overview

    Located in Palos Hills, Illinois, this commercial property is available for rent. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.8174636
    Latitude
    41.6979798

    Nearby Similar for Lease

    • Contact for pricing

      Palos Hills Private Office Space

      600 SF office space in prime Palos Hills location.
      7926 W 103 Street, Palos Hills, IL 60465
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    • $36 SF/Yr
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      Palos Hills Coworking Office Space

      Coworking office space with private offices and restroom.
      10005 S Roberts Road, Palos Hills, IL 60465
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    • $18 SF/Yr
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      Professional Office Space Available

      Private office space in professional building, various sizes available.
      10125 S ROBERTS Road #204, Palos Hills, IL 60465
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    • $19 SF/Yr
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      Move-in Ready Private Office Space

      Private office space available for rent in professional building.
      10135 S ROBERTS Road #202, Palos Hills, IL 60465
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    • $18 SF/Yr
      3,100 SF

      Professional Office Space Available

      Move-in ready office space in a professional building.
      10125 S ROBERTS Road #203, Palos Hills, IL 60465
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    • $19 SF/Yr
      350 SF

      Move-in Ready Private Office Space

      Private office space available for rent in professional building.
      10135 S ROBERTS Road #201, Palos Hills, IL 60465
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    • $11 SF/Yr

      Professional Office Space For Rent

      Two-story office building with elevator access and ample parking.
      9944 S ROBERTS Road #108, Palos Hills, IL 60465
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    • $11 SF/Yr

      Palos Hills Professional Office Space

      Professional office space for rent in Palos Hills, Illinois.
      9944 S ROBERTS Road #208, Palos Hills, IL 60465
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    • $40 SF/Yr

      Retail Space in High-Traffic Area

      Retail space available in a prime, high-traffic location.
      10296 S 78th Avenue #C, Palos Hills, IL 60465
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    • $13 SF/Yr

      Rehabbed Office Space with Parking

      Move-in-ready office space with private parking and modern amenities.
      7836 W 103 Street, Palos Hills, IL 60465
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    • $18 SF/Yr

      Move-in Ready Office Space Available

      Professional building with various office spaces for rent.
      10125 S ROBERTS Road #200, Palos Hills, IL 60465
      View Details
    • $18 SF/Yr

      Private Office Space For Rent

      350 SF private office space available for immediate occupancy.
      10135 S ROBERTS Road #201, Palos Hills, IL 60465
      View Details

    FAQs

    What type of property is this?
    Retail property - Commercial property available for rent in Palos Hills, Illinois.
    Where is this retail property located?
    The property is located at 10616 S Roberts Road Palos Hills, IL.
    What are key features of this property?
    This property features: Constructed with durable concrete and brick.; Features central air conditioning for year‑round comfort.; Built in 1950.
    (815) 725-4545
    We can help!
    Listing Contact
    Frank Ristucci
    Frank Ristucci
    Real Estate License ID: 475.162855
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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