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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

12349-12357 Harlem Ave Palos Heights, IL 60463

4,500 SF 0.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional restaurant property, located at 12349-12357 S. Harlem Avenue in Palos Heights, Illinois, presents a lucrative investment opportunity. The 4,500 square foot building sits on a 0.4-acre lot and boasts 33 parking spaces, ensuring ample convenience for patrons. Its prime corner location within the "Business District No. 2/Harlem Avenue Corridor" in Downtown Palos Heights offers excellent visibility and accessibility. The property is zoned B (Business), making it ideal for a variety of restaurant concepts. The vibrant surrounding area features numerous other restaurants and shopping options within walking distance, creating a thriving commercial hub. Furthermore, its proximity to Metra and I-294 provides easy access for both employees and customers. The asking price for this well-situated restaurant is $750,000. This is a rare opportunity to acquire a thriving business in a high-traffic area with significant growth potential. The property's size, parking, and location combine to create a compelling investment opportunity in a desirable and established commercial district. Don't miss out on this chance to own a piece of Palos Heights' bustling commercial scene. The zip code is 60463, and the property is located in Cook County.

Property profile
Verified
Property type Retail properties & Spaces
Total area 4,500 SF
Lot 0.4 ac (17,424 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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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