10331 Roberts Rd Palos Hills, IL 60465
- Retail space
- 0.60 lot acres
Current Use by Public Records
- ATM / Atm
- Hadramout Palace / Restaurant
Property Details for 10331 Roberts Rd
- Year built
- 1988
- Lot size
- 0.60 lot acres
- Property type
- Retail space
- APN
- 23-13-102-080
- APU
- 2313102080
Description
This exceptional investment opportunity presents a ±3,200 square foot freestanding restaurant with a patio, situated on a 0.6-acre lot at 10331 S. Roberts Rd in Palos Hills, Illinois. The property, built in 1988 and extensively renovated in 2021, boasts a 100% occupancy rate with a single tenant, Hadhramaut Palace, operating under a five-year lease with renewal options. The restaurant features ample indoor seating for 150 patrons and a picturesque outdoor patio accommodating approximately 180. Significant improvements completed in 2021 include a modernized kitchen, updated hood system, new HVAC, roof replacement, bar expansion, upgraded plumbing, a new patio fireplace, an enhanced entertainment system, a restroom addition, and a renovated parking lot. The property also benefits from prominent pylon signage and digital signage. The site offers 28 surface parking spaces and enjoys a convenient location next to City Hall. The property is zoned B1A. This turnkey operation presents a compelling investment opportunity with a strong tenant and significant recent upgrades. The asking price is $775,000, representing a price per square foot of $242.19. The property's location in Palos Hills, Cook County, provides excellent access to major roadways and is approximately 26 miles south of downtown Chicago. The property's APN is 23-13-102-080-0000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $425,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $385,000
- Mixed-Use
- $350,000
- Hospitality
- $455,000
- Educational
- $445,000
- Residential Income
- $420,000
- Energy
- $425,000
- Income-Based Land
- $410,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Palos Hills
- County
- Cook
- State
- Illinois
- Longitude
- -87.8166
- Latitude
- 41.7026
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
