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    Palos Park Walgreens For Sale Title is generated by Realmo AI

    13023 S La Grange Rd, Palos Park, IL

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    NNN leased Walgreens with successful operating history in Palos Park.

    Type:RETAIL
    Property size:
    13,891 SF
    Lot size:
    1.45 Acres
    Price / SF:
    $254/SF
    Added:
    Mar 3, 2025
    Days on Market:
    468
    Last Refresh:
    May 20 at 8:11 pm

    Property Features for 13023 S La Grange Rd

    General Information

    Standard status
    Active
    Size
    13,891 SF
    Lot size
    1.45 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Randy Blankstein
    Randy Blankstein

    Listing agent Randy Blankstein License #471005983

    Listing office The Boulder Group - Corporate

    Listing date Mar 3, 2025

    Source Moodyscre

    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 The Boulder Group - Corporate

    HighLights

    • 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
    • Jewel‑Osco shadow anchor
    • Successful operating history since 2002 – demonstrating commitment
    • Over 145,700 people live within a five‑mile radius

    Overview

    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.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $333.4k $24.00
    − Vacancy −$23.3k −$1.68
    EGI $310.0k $22.32
    − OpEx −$77.5k −$5.58
    NOI $232.5k $16.74
    13,891 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.32M
    $2.91M – $3.88M (±1% cap)
    NOI $232,535 @ 7.0% cap · market cap 6.58%
    Second Best
    Retail
    $2.75M
    $2.41M – $3.21M (±1% cap)
    NOI $192,809 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $4.80M
    $4.20M – $5.60M (±1% cap)
    NOI $335,715 @ 7.0% cap · market cap 9.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Mahmoud S. Zegar, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Redbox Cinema FedEx OnSite Postal Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Walgreens Pharmacy — 13023 LaGrange Rd, Palos Park, IL 60464
    • Jewel-Osco Pharmacy — 9650 W 131st St, Palos Park, IL 60464
    • Michael W. Zidek, RPH — 9650 W 131st St, Palos Park, IL 60464
    • COVID-19 Drive-Thru Testing at Walgreens — 13023 LaGrange Rd, Palos Park, IL 60464
    • Deborah Stukus — 13023 LaGrange Rd, Palos Park, IL 604641718

    Location Insight

    • Map
    • Local Demand
    City
    Palos Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8532
    Latitude
    41.6538

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Blankstein
    Randy Blankstein
    Real Estate License ID: 471005983
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