11952 S Harlem Ave Palos Heights, IL 60463
Property Lookup
Property profile & analytics
11952 S Harlem Ave Palos Heights, IL 60463
- Retail space
- 0.29 lot acres
Property ID
US28-5628361
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lauri Hodory, OTR / Physician
- Farmers Insurance - Alan Erickson / Insurance Agency
- Siwek Law Office / Law Firm
- The Law Office Of Rafael Albarran / Law Firm
- Radius Foundation, Inc. / Corporate Office
Property Details for 11952 S Harlem Ave
- Year built
- 1974
- Lot size
- 0.29 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 23-25-205-024
- APU
- 2325205024
Description
Exceptional investment opportunity awaits with the Westen Building, a meticulously maintained two-story medical office building situated on a prominent location at 11952 S Harlem Ave in Palos Heights, Illinois (60463), Cook County. This fee-simple property boasts 8,800 square feet, with 8,250 square feet of net rentable space, currently housing four tenants at a 94% occupancy rate. The building, constructed in 1980 and extensively renovated in 2008, features seven units spread across two stories, each benefiting from floor-to-ceiling windows. Recent upgrades include a new medical elevator (2013), complete LED lighting (interior and exterior), and a roof sealant application (2022). The second-floor hallway received a fresh coat of paint in 2023. Each floor, including the finished basement, offers three restrooms, with the lower level featuring an oversized handicapped-accessible restroom. The building sits on a 12,833 square foot lot and is zoned B-2. The current stabilized investment offers a 6.74% cap rate with a projected pro-forma cap rate of 6.87%, generating a current NOI of $94,354 and a pro-forma NOI of $96,154. The asking price is $1,399,000, translating to $158.98 per square foot. The property's long-term tenants and maintenance-free exterior, coupled with its prominent location near a hospital and on busy Harlem Avenue, make this a truly compelling investment opportunity. Seller financing may be considered.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Palos Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.7973
- Latitude
- 41.6737
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$31,338
$38,496
$55,909
$94,405
-
$153,984
$223,636
$377,620
