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    10331 Roberts Rd Palos Hills, IL 60465

    Sponsored
    For Sale
    $775,000

    Profitable Restaurant, Prime Location, High Occupancy

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a ±3,200 square foot freestanding restaurant with a patio, situated on a 0.6-acre lot at 10331 S. Roberts Rd in Palos Hills, Illinois. The property, built in 1988 and extensively renovated in 2021, boasts a 100% occupancy rate with a single tenant, Hadhramaut Palace, operating under a five-year lease with renewal options. The restaurant features ample indoor seating for 150 patrons and a picturesque outdoor patio accommodating approximately 180. Significant improvements completed in 2021 include a modernized kitchen, updated hood system, new HVAC, roof replacement, bar expansion, upgraded plumbing, a new patio fireplace, an enhanced entertainment system, a restroom addition, and a renovated parking lot. The property also benefits from prominent pylon signage and digital signage. The site offers 28 surface parking spaces and enjoys a convenient location next to City Hall. The property is zoned B1A. This turnkey operation presents a compelling investment opportunity with a strong tenant and significant recent upgrades. The asking price is $775,000, representing a price per square foot of $242.19. The property's location in Palos Hills, Cook County, provides excellent access to major roadways and is approximately 26 miles south of downtown Chicago. The property's APN is 23-13-102-080-0000.

    Property Features for 10331 Roberts Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,200 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built/Renovated
    1988/2021
    Buildings
    1
    Stories
    1

    HighLights

    • 3,200 SF turnkey restaurant with patio on a 0.60‑acre lot.
    • Single‑tenant, 5‑year lease in place.
    • Recently renovated with ample parking.
    • Features an expanded bar and new HVAC system.
    • High‑visibility pylon signage and Roberts Road frontage.
    • Restaurant investment opportunity offering a 7.99% capitalization rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Hadramout Palace Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.817171230334
    Latitude
    41.70245518802

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, Prime Location, High Occupancy
    Where is this restaurant located?
    The property is located at 10331 Roberts Rd Palos Hills, IL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 3,200 SF turnkey restaurant with patio on a 0.60-acre lot.; Single-tenant, 5-year lease in place.; Recently renovated with ample parking.
    Request Owner's contact information
    10331 Roberts Rd Palos Hills, IL 60465
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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

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    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
    10331 Roberts Rd Palos Hills, IL 60465
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