Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Atm
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Palos Hills market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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