Property profile

10331 S Roberts Rd Palos Hills, IL 60465

FOR SALE
Retail space
Property ID
US28-0175402
0.6 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Lot 0.6 ac (26,273 SF)
APN 23-13-102-080
UPID US28-0175402

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant

Location

10331 S Roberts Rd Palos Hills, IL 60465
Palos Hills metro Census 823803 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2021
Last sale
$430,000
7 recorded transactions
2025
Price N/A
2025
Price N/A
2021
$430,000
2016
$160,000
2015
Price N/A
2003
$605,000
2001
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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