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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

13401 Ridgeland Ave Palos Heights, IL 60463

23,231 SF 2.5 ac lot Built 1965
Property ID
Property summary
AI-generated overview

Westgate Valley Commons, a Class B retail center in Palos Heights, IL (60463), offers exceptional opportunities for businesses seeking high-visibility locations. Situated on busy Ridgeland Avenue, this 23,231 square foot property boasts over 22,000 vehicles passing daily and a strong median household income of $90,995. The center, built in 1965 and renovated in 2016, features a single, one-story building with 120 parking spaces and is currently 90% occupied by a diverse mix of tenants including a restaurant, hair salon, dermatologist, and fitness center. Two inline spaces totaling 2,400 square feet are available, with a minimum divisible space of 1,200 square feet. One space is a shell unit with a single bathroom (Unit 1305), while the other (Unit 1307) is a former cafe with a built-out counter, two bathrooms, a walk-in cooler, and an office. Additional space (Unit 13419), a former bank, offers multiple offices, two bathrooms, a drive-thru, a conference room, and an adjoining three-lane drive-thru with vacuum tubes. All units provide rear access to a private driveway. The property sits on a 2.5-acre lot (23,300 square feet) and is zoned B. The building's floor area ratio (FAR) is 0.2. The property's APN is 24-32-300-039-0000. This prime location across from a thriving residential community presents a unique chance to establish or expand your business in a high-traffic area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Total area 23,231 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
  • Mary Kate Mineman PA Physician
  • Michelle D. Ovando PA Physician
  • Dermatology Associates Medical Clinic Skin Care Clinic
  • Vivek Iyengar MD Physician Medical Clinic
  • Catrina A. Brucato PA Physician
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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