Equipped Bakery
For Sale
$250,000
7152 W 127th St, Palos Heights, IL 60463
Operating bakery storefront with equipment included and transition assistance from the current owner.
Property Size1,500 SF
Price / SF$166.67
Days on Market69
Property Features for 7152 W 127th St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Crosstown Realtors, Inc.
Listed By:
Bryan Sarsfield · License #475170031
(815) 404-0276
Source:
Liveliferealty
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 12 at 9:11PM
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 Crosstown Realtors, Inc.
Investment Insights
Based on property information with market context.
This storefront property at 7152 W 127th St in Palos Heights is configured for a bakery operation and includes the equipment associated with the business. The current owner is available to train the incoming owner and may continue working part-time during the transition.
The property is positioned within the local business community in Palos Heights, providing an established setting for continued bakery operations and future business development.
The property is positioned within the local business community in Palos Heights, providing an established setting for continued bakery operations and future business development.
Key Highlights
- Bakery storefront at 7152 W 127th St, Palos Heights, IL 60463
- Bakery equipment included with the property and business
- Current owner can provide training to the incoming owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,820
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,400
$416.4K
Cap Rate 7%
$297,429
$297.4K
Cap Rate 9%
$231,333
$231.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$2.7K −$1.77/SF
EGI
$29.7K $19.83/SF
− OpEx
−$8.9K −$5.95/SF
NOI
$20.8K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,400
Cap Rate 7%
$297,429
Cap Rate 9%
$231,333
Alternative Uses
Best Use
Retail
$297.4K
$260.3K – $347.0K
NOI $20,820 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
114k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 39%
Shops & Services 17%
Electronics 2%
Jewel-Osco
Groceries
44,761 visits/mo
0.2 miles
McDonald's
Dining
23,006 visits/mo
0.1 miles
Wendy's
Dining
8,764 visits/mo
0.2 miles
BP
Shops & Services
7,922 visits/mo
0.1 miles
Andy's Frozen Custard
Dining
7,631 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Chalet Florist — 12315 S Harlem Ave, Palos Heights, IL 60463
- Sass & Class Flowers — 122nd st, palos heights, il 60463
Frequently Asked Questions
What type of property is this?
Storefront property - Operating bakery storefront with equipment included and transition assistance from the current owner.
Where is this storefront property located?
The property is located at 7152 W 127th St Palos Heights, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Bakery storefront at 7152 W 127th St, Palos Heights, IL 60463; Bakery equipment included with the property and business; Current owner can provide training to the incoming owner
