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    11950 Harlem Ave Palos Heights, IL 60463

    • Retail space
    • 0.33 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US28-5569440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mary Eannace (Speech Pathologist Palos Heights) / Speech Pathologist
    • Clark Financial Services / Financial Advisor / Financial Consultant
    • The Law Office of Jack L. Haan, PC / Legal Services
    • John Principe / Internist
    • Dominika T. Zahradnicek, DC / Chiropractor

    Property Details for 11950 Harlem Ave

    Year built
    1972
    Lot size
    0.33 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    23-25-205-023
    APU
    2325205023

    Description

    This exceptional executive office space, located at 11950 S. Harlem Avenue in Palos Heights, Illinois, presents a fantastic opportunity. The property, situated on a 0.69-acre lot in Cook County, offers a total of 12,437 square feet, with 1,684 square feet currently available for lease. Built in 1974, the building is categorized as a multi-tenant office property. The available space is ideal for businesses seeking a well-established location in a thriving community. The property benefits from included HVAC, a significant cost savings for tenants. Furthermore, lighting and electrical outlets are also covered by the tenant lease. This is a prime opportunity for a business seeking a move-in ready executive office suite in a convenient location. The address is 11950 S. Harlem Ave., Palos Heights, IL 60463. The property's convenient location and included utilities make it an attractive option for businesses of all sizes. The available space is ready for immediate occupancy, allowing for a quick and seamless transition. Don't miss this chance to secure your business's future in this desirable location. Contact us today to schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palos Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.7973
    Latitude
    41.6739
    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
    2022
    $42,937
    $43,140
    $86,206
    $129,346
    -
    $172,560
    $344,824
    $517,384

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      6420 127th St

      STORE, RETAIL OUTLET • 0.46 Acres
      6420 127th St, Palos Heights, IL 60463-2269
      View Details
    • Value Estimation by Request
      0.31 Acres

      12413 Harlem Ave

      STORE, RETAIL OUTLET • 0.31 Acres
      12413 Harlem Ave, Palos Heights, IL 60463-1442
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    • Value Estimation by Request
      0.35 Acres

      11950 Harlem Ave

      STORE, RETAIL OUTLET • 0.35 Acres
      11950 Harlem Ave, Palos Heights, IL 60463-1150
      View Details
    • Value Estimation by Request
      0.04 Acres

      12800 Ridgeland Ave

      STORE, RETAIL OUTLET • 0.04 Acres
      12800 Ridgeland Ave, Palos Heights, IL 60463-2390
      View Details
    • Value Estimation by Request
      1,585 SF

      7000 127th St

      STORE, RETAIL OUTLET • 1,585 SF
      7000 127th St, Palos Heights, IL 60463-1558
      View Details
    • Value Estimation
      $435,000
      0.84 Acres

      6410 127th St

      STORE, RETAIL OUTLET • 0.84 Acres
      6410 127th St, Palos Heights, IL 60463-2268
      View Details

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    Palos Heights, IL 60463
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
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