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Shopping Center Retail Space
For Lease
$30 SF/Yr

6401 W 127th Street, Palos Heights, IL 60463

Flexible retail suites are available within a multi-tenant center at a signalized intersection.

Space Size800 SF - 10,000 SF
Days on Market1089

Property Features for 6401 W 127th Street

General Information

Standard status Active
Size 800 SF - 10,000 SF
Net Rentable 800 SF

Additional Details

Available Space 800-10,000 SF
Anchor Co-Tenants Pete's Fresh Market, Ace Hardware, Charter Fitness, Aurelio's Pizza

Building Details

Year Built 1980
Stories 1
Units 28
Tenancy Multi
Listing Agency: Axis Realty, Inc.
Listed By: Nicole Geroulis · License #471018069
Source: Allinonerealestateco
Added: Aug 31, 2023 Changed: Aug 22 Last Checked: Aug 22 at 5:18AM

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 Axis Realty, Inc.

Investment Insights

Based on property information with market context.

Retail space is available in a multi-tenant shopping center serving Palos Heights. Suite options range from 800 SF to 10,000 SF, supporting a variety of retail formats and footprints.

The center includes Ace Hardware, Charter Fitness, and Aurelio's Pizza, with Pete's Fresh Market scheduled to open in 2025. The property is positioned at the signalized intersection of 127th Street and Ridgeland Avenue, providing a visible setting for prospective occupants. Built in 1980, the center offers an established retail environment with multiple existing businesses and an incoming grocery anchor.

Key Highlights

  • Suite availability from 800 SF to 10,000 SF
  • Pete's Fresh Market expected to open in 2025
  • Existing tenants include Ace Hardware, Charter Fitness, and Aurelio's Pizza

Property Analytics

Current Use

Don Piha Pharmacy Kathleen Wiersema Pharmacy Pete's Fresh Market Grocery & Convenience Store FMJ Fire-Safe & Chimney ... Building Supply Celestial Detox Center ... Health Counselor

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Barber Shop (Bike/Boat/Book/etc) Store Garden Center

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

408
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 59% Home Improvements & Furnishings 34% Dining 7%
Chase Bank Shops & Services
6,213 visits/mo 0.3 miles
Palos Ace Hardware Home Improvements & Furnishings
5,231 visits/mo 0.1 miles
Huntington Bank Shops & Services
2,994 visits/mo 0.2 miles
Aurelio's Pizza Dining
1,047 visits/mo 0.1 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

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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Similar Off Market Nearby

  • Indian Trails Shopping Center 6419 W 127th St, Palos Heights, IL 60463

Frequently Asked Questions

What type of property is this?
Shopping center - Flexible retail suites are available within a multi-tenant center at a signalized intersection.
Where is this shopping center located?
The property is located at 6401 W 127th Street Palos Heights, IL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Suite availability from 800 SF to 10,000 SF; Pete's Fresh Market expected to open in 2025; Existing tenants include Ace Hardware, Charter Fitness, and Aurelio's Pizza
More about this property
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