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Property profile & analytics
OFF-MARKET
Lifestyle centers

13407 Ridgeland Ave Palos Heights, IL 60463

23,300 SF 2.5 ac lot Built 2000
Property ID
Property summary
AI-generated overview

Westgate Valley Commons, a Class B shopping center built in 2000 and renovated in 2024, offers 23,300 square feet of retail space across 120 suites. Currently, 2,400 square feet is available for lease, divisible into units ranging from 1,200 to 2,400 contiguous square feet. Located on Ridgeland Avenue, this property boasts excellent visibility and high traffic volume exceeding 19,000 vehicles daily. The center sits on a 2.5-acre lot and features ample parking with 120 spaces. The existing tenant mix includes a diverse range of businesses, such as a high-end restaurant, a dermatologist's office, a salon and spa, and a walk-in clinic with pharmacy. One available space is a "vanilla box" ready for tenant improvements, while another is a former Subway restaurant with existing fixtures including two walk-in coolers, a three-compartment sink, and a deli counter. The single-story building has a modern façade and benefits from a B zoning designation. This is an exceptional opportunity to join a vibrant and established retail community.

Property profile
Verified
Property type Lifestyle centers
Year built 2000
Total area 23,300 SF
Lot 2.5 ac (108,900 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Beans N Boba Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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