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    FOR LEASE
    Retail space

    10296 S 78Th Ave, Palos Hills, IL 60465

    0.61 ac lot Built 1988
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-0674174
    Property summary
    AI-generated overview

    Palos Plaza, located at APN 23123080240000, presents a unique investment opportunity in a prime location. This 6,400 square foot building, constructed in 1988, offers three available suites ranging from 1,000 to 3,400 square feet, perfect for a variety of uses. Currently, all 6,400 square feet are vacant, providing a blank canvas for a new tenant or tenants. The property is zoned B1, allowing for retail, office, and restaurant uses. Its strategic location on a high-traffic street near the Cook County Courthouse ensures high visibility and foot traffic. Ample parking is available with 40+ spaces. The building's multiple suite configuration offers flexibility for businesses of various sizes, from small startups to established enterprises. This is an exceptional chance to establish a presence in a bustling area with significant potential for growth. The property's versatility and prime location make it an attractive option for investors seeking a strong return on investment. All three suites are immediately available.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Lot 0.61 ac (26,670 SF)
    APN 23-12-308-024
    UPID US28-0674174
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bold Investments LLC · 3 yrs held
    Bold Investments LLC
    since 2022
    Last sale
    $539,000
    7 recorded transactions
    2022
    $539,000
    2010
    2004
    $600,000
    1997
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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