13150 143Rd StHomer Glen, IL 60491

  • Other commercial real estate
  • 7,306 SF
For Lease
$20/SF/YR View listing

Property Details for 13150 143Rd St

Lot size
1.80 AC
Property size (Sq ft)
7,306 SF
Property type
Other commercial real estate
APN
16-05-02-400-037
APU
160502400037

Description

This exceptional 7,500-square-foot restaurant space, formerly the Purple Onion, presents a unique investment opportunity in the thriving Homer Glen market. Located at 13150 W 143rd St, Homer Glen, IL 60491, this single-tenant property sits on a substantial 78,400-square-foot lot and boasts an impressive 136 parking spaces, ensuring ample convenience for patrons. The property is ideally situated just blocks from major retailers including Meijer, Jewel, Home Depot, and Menards, guaranteeing high visibility and foot traffic. The restaurant is equipped with essential commercial kitchen infrastructure, including a pre-installed hood system, walk-in cooler, and walk-in freezer, significantly reducing start-up costs for prospective operators. A notable feature of the previous tenant's operation was a dedicated gaming room, offering potential for diverse revenue streams. Will County property taxes are $6.40 per square foot. This turnkey restaurant space offers a compelling blend of location, size, and existing infrastructure, making it an attractive proposition for experienced restaurateurs and investors alike. The property's substantial lot size also allows for potential expansion or outdoor seating areas. This is a rare opportunity to acquire a well-positioned restaurant property in a high-demand area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,517,269
    Hospitality
    $2,305,804
    Educational
    $1,918,402
    Medical
    $1,984,379
    Retail
    $2,984,182
13150 143Rd St, Homer Glen, Illinois
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Location Insight

City
Homer Glen
County
Will
State
Illinois
Latitude
41.6294
Longitude
-87.9402
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,265
$240,853
$369,971
$610,824
-
$722,559
$1,109,913
$1,832,472

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