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Property profile & analytics
OFF-MARKET
Retail space
11950 Harlem Ave, Palos Heights, IL 60463-1150
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-5569440
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1972
Lot
0.33 ac (14,380 SF)
APN
23-25-205-023
UPID
US28-5569440
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
Current use
Occupant on record · Public records
-
Mary Eannace (Speech Pathologist Palos Heights) Physician
-
Clark Financial Services Financial Advisor
-
The Law Office of Jack L. Haan, PC Law Firm
-
John Principe Physician
-
Dominika T. Zahradnicek, DC Alternative Medicine Practice
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
Brigid Capital III LLC · 7 yrs held
Brigid Capital III LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palos Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palos Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$42,937
Tax year 2022
Assessed value
$129,346
Assessed 2022
Previous assessed
$131,359
-1.5% YoY
Effective rate
33.20%
On assessed value
Assessed land
$43,140
Assessed improvement
$86,206
Land market value
$172,560
Improvement market value
$344,824
Total market value
$517,384
Applied tax rate
30,030.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1972
Heating
NONE
Lot
0.33 ac (14,380 SF)
APN
23-25-205-023
UPID
US28-5569440
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
Brigid Capital III LLC
Entity
Mailing address
11950 S HARLEM AVE, PALOS HEIGHTS, IL 60463-1150
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2019
—
Brigid Capital III LLC
Trust No 21786
Grant Deed
related
$750,000 · Evergreen Bk Grp
Nov 12, 2014
—
Trust 21786
Brigid Capital LLC
Grant Deed
related
—
Dec 4, 2009
$600,000
Brigid Capital LLC
Montesano Capital Mgmt INC
Warranty Deed
related
—
Dec 31, 2008
—
Montesano Capital Mgmt INC
—
Deed Of Trust
related
$16,609,000 · Midwest Bank & Trust Co
Nov 15, 2004
$1,160,000
Montesano Capital Mgmt INC
Trust 5497
Grant Deed
related
$928,000 · Midamerica Fsb
May 12, 1999
—
Founders Bank Ttee
Zurek,alice
Trustees Deed
related
$850,000 · Founders Bank
May 12, 1999
$525,000
Zurek,alice
Alice Zurek Estate
Trustees Deed
related
—
Jan 9, 1998
$1,400,000
Mathew Zurek
Worth Bank & Trust Trustee
Grant Deed
$250,000 · Worth Bank & Trust
—
—
Brigid Capital LLC
—
Deed Of Trust
related
$675,000 · First Midwest Bank
—
—
Trust 21786
—
Deed Of Trust
related
$640,000 · Standard Bk
—
—
Michael E Coogan
—
Loan Modification
related
$1,695,000 · Standard Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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