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Retail Space Near Palos Hospital
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11845 Southwest Hwy, Palos Heights, IL 60463

Located near Route 83, Southwest Hwy, and Palos Hospital.

Days on Market184

Property Features for 11845 Southwest Hwy

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 2005
Listing Agency: Horizon Realty & Management
Listed By: Ilija Pod
Source: Horizonrealtyservices
Added: Jan 27 Changed: Jul 10 Last Checked: Jul 30 at 4:01AM

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 Horizon Realty & Management

Investment Insights

Based on property information with market context.

This retail space is located just off the northeast corner of Route 83 and Southwest Highway, major arterial streets. The site is near Palos Northwestern Hospital and a cluster of mixed-use office buildings. CVS and Dunkin Donuts are located at the intersection. The Palos Heights Physician Center is situated on the west side of heavily-trafficked Southwest Highway and is just minutes from I-294. Additionally, Palos Hospital is approximately 0.7 miles from the property.

Key Highlights

  • Excellent location on heavily‑trafficked Southwest Hwy.
  • Close proximity (0.7 miles) to Palos Hospital.
  • Minutes from I‑294.

Property Analytics

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Daycare Center Bakery Barber Shop Auto Parts Store Garden 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

860
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
SUBWAY Dining
1,774 visits/mo 0.3 miles

Demographics for 60463, IL

14,048
Population
5,501
Households
2.6
Avg Household Size
52
Median Age
41%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,651
Density / Sq Mi
$105,389
Median Household Income
$64,885
Median Earnings
$2,119
Median Rent
$343,700
Median Home Value

Market

Properties on Market for Retail properties & Spaces in Cook County

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Located near Route 83, Southwest Hwy, and Palos Hospital.
Where is this retail property located?
The property is located at 11845 Southwest Hwy Palos Heights, IL.
What are key features of this property?
This property features: Excellent location on heavily‑trafficked Southwest Hwy.; Close proximity (0.7 miles) to Palos Hospital.; Minutes from I‑294.
More about this property
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