Financial
Distress signals
Property profile

12508 S Harlem Ave B Palos Heights, IL 60463

FOR SALE
Retail space
Property ID
US28-2376668
0.03 ac lot Built 2000
Last sale Dec 2003 · $319,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A two-level professional office building constructed in 2000, configured for flexible use with a shared common area that allows each floor to function independently. The main level includes a reception area, four private offices (two with large windows), a wet kitchenette, and a bath, with a back door providing access to a sidewalk and a grassy area. The second floor features a spacious open work area, two additional private offices (including one with skylights), a wet kitchenette, and a full…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value$55k
Assessed land$4k
Assessed improvement$51k
Effective rate33.20%

Value estimate

· Sep 2026
$365k
$329k – $402k
AI approach$365k
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$13k
Operating expenses−$10k
NOI · 7.16% cap applied$29k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
7.16%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop13.3
Auto Parts Store11.2
Daycare Center10.1

Location

12508 S Harlem Ave, Unit B Palos Heights, IL 60463
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12416 Harlem, Palos Heights, IL 60463-1441 $800,000 Feb 2026 No data
12659 Ridgeland, Palos Heights, IL 60463-1871 $3,400,000 Dec 2025 No data
11850 Harlem, Palos Heights, IL 60463-1292 $1,525,000 Dec 2025 No data
6500 College, Palos Heights, IL 60463-1773 $799,000 Dec 2025 4,700 SF
12130 Harlem, Palos Heights, IL 60463-1458 $830,000 Jul 2025 No data
12333 Harlem, Palos Heights, IL 60463-1432 $625,000 Jul 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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