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    13023 S La Grange Rd Palos Park, IL 60464

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    For Sale
    $3,534,300

    NNN leased Walgreens with successful operating history in Palos Park.

    Property size:
    13,891 SF
    Lot size:
    1.45 Acres

    Property Features for 13023 S La Grange Rd

    General Information

    Size
    13,891 SF
    Lot size
    1.45 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palos Park Walgreens For Sale

    The property is located within the Chicago MSA, which is ranked #3 in the United States for population size. The location benefits from a shadow anchor of Jewel-Osco. The property has a NNN lease, meaning there are no landlord responsibilities. It has a successful operating history since 2002. The property is located at the signalized intersection of US-45 (LaGrange Road) & West 131st Street, which has a combined traffic count of 48,900 vehicles per day. Over 145,700 people live within a five-mile radius. The area is affluent, with an average household income of $143,618 within one-mile. Neighboring retailers include ALDI, Chase Bank, DaVita, Circle K, Dunkin’, Old National Bank, & several others. It is within walking distance from Carl Sandburg High School, which has 2,800 students. The property size is 13,891 square feet. Walgreens is ranked #27 on the Fortune 500 list for total revenue in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Mahmoud S. Zegar, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk FedEx OnSite Mailing Service

    Suggested Use

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

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

    Similar Places Nearby

    Walgreens Pharmacy, Jewel-Osco Pharmacy, Michael W. Zidek, RPH, COVID-19 Drive-Thru Testing at Walgreens, Deborah Stukus

    Location Insight

    • Map
    • Local Demand
    City
    Palos Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8532404
    Latitude
    41.6537908

    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens with successful operating history in Palos Park.
    Where is this drug store located?
    The property is located at 13023 S La Grange Rd Palos Park, IL.
    What is the asking price?
    The asking price for this property is $3,534,300.
    What are key features of this property?
    This property features: - NNN lease – No landlord responsibilities; - Signalized intersection of US-45 & West 131st Street with 48,900 VPD; - Affluent area - $143,618 average household income within one-mile
    (847) 562-8500
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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
    13023 S La Grange Rd Palos Park, IL 60464
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