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Palos Hills Free Standing Restaurant

10331 S Roberts Rd, Palos Hills, IL 60465

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For Sale

$750,000

Free standing restaurant with patio in Palos Hills, Illinois.

Type:Retail

Property size:

3,200 SF

Price / SF:

$234/SF

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.
Excellent frontage on Roberts Road.
Stand alone Restaurant Opportunity.
Located next to City Hall.

We can help!

Contact an agent

Karen Kulczycki, CCIM, SIOR

For Sale

$750,000

Free standing restaurant with patio in Palos Hills, Illinois.

Type:Retail

Property size:

3,200 SF

Price / SF:

$234/SF

Added:: Nov 21, 2025
Days on Market:: 218
Last Refresh:: May 8 at 8:03 pm

Property Features for 10331 S Roberts Rd

General Information

Standard status: Active
Size: 3,200 SF
Property subtype: Retail

Building Details

Year Built: 1988

We can help!

Contact an agent

Karen Kulczycki, CCIM, SIOR

Listing office

Listing date Nov 21, 2025

Source Svnchicago

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

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.
Excellent frontage on Roberts Road.
Stand alone Restaurant Opportunity.
Located next to City Hall.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$76.8k	$24.00
− Vacancy	−$5.4k	−$1.68
EGI	$71.4k	$22.32
− OpEx	−$17.9k	−$5.58
NOI	$53.6k	$16.74

3,200 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$765.3K

$669.6K – $892.8K (±1% cap)

NOI $53,568 @ 7.0% cap · market cap 7.14%

Second Best

Retail

$634.5K

$555.2K – $740.3K (±1% cap)

NOI $44,417 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$1.10M

$966.7K – $1.29M (±1% cap)

NOI $77,337 @ 7.0% cap · market cap 10.31%

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

Property Profile Location Intelligence

Current Use by Public Records

ATM Atm Hadramout Palace Restaurant

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Palos Hills
County: Cook
State: Illinois
Longitude: -87.8168
Latitude: 41.7025

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Palos Hills Freestanding Restaurant

Freestanding restaurant with patio for sale in Palos Hills.

10331 S Roberts Rd, Palos Hills, IL 60465

View Details

For sale
Restaurants
IL
Palos Hills
60465
10331 S Roberts Rd

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 $750,000.

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.