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    Property profile & analytics

    12600 Harlem Ave Palos Heights, IL 60463-1488

    • Banks
    OFF-MARKET
    Value Estimation
    $9,315,000
    Last Sale
    Feb 14, 2023
    $8,776,500
    Location Intelligence
    Property ID
    US28-4409479
    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.

    Current Use by Public Records

    • Tim Scheel - Old National Bank / Mortgage Lender / Loan Agency
    • Tony Reda - Old National Bank / Mortgage Lender / Loan Agency
    • FedEx Drop Box / Mailing Service
    • Old National Bank / Mortgage Lender / Investment Service
    • Kathryn Dickason - 1834, a division of Old National Bank / Financial Consultant

    Property Details for 12600 Harlem Ave

    Property type
    Banks
    APN
    23-25-433-020
    APU
    2325433020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,255,000
      6.5%
      $8,185,000
      7%
      $8,090,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,080,000
      Geo Method
      $8,555,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,720,000
      Retail
      $10,015,000
      Mixed-Use
      $8,315,000
      Hospitality
      $10,085,000
      Educational
      $8,120,000
      Residential Income
      $8,465,000
      Energy
      $7,850,000
      Income-Based Land
      $8,800,000
      Food Service
      $7,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Palos Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.797
    Latitude
    41.6623
    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
    $178,652
    $125,958
    $412,221
    $538,179
    -
    $503,832
    $1,648,884
    $2,152,716

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      12330 Harlem Ave

      FINANCIAL BUILDING • 0.34 Acres
      12330 Harlem Ave, Palos Heights, IL 60463-1464
      View Details
    • Value Estimation by Request
      0.34 Acres

      12534 Harlem Ave

      FINANCIAL BUILDING • 0.34 Acres
      12534 Harlem Ave, Palos Heights, IL 60463-1427
      View Details
    • Value Estimation
      $630,000
      1.02 Acres

      12145 Harlem Ave

      FINANCIAL BUILDING • 1.02 Acres
      12145 Harlem Ave, Palos Heights, IL 60463-1430
      View Details
    • Value Estimation
      $370,000
      0.85 Acres

      6431 127th St

      FINANCIAL BUILDING • 0.85 Acres
      6431 127th St, Palos Heights, IL 60463-2247
      View Details
    • Value Estimation
      $1,030,000
      0.93 Acres

      12657 Ridgeland Ave

      FINANCIAL BUILDING • 0.93 Acres
      12657 Ridgeland Ave, Palos Heights, IL 60463-1871
      View Details
    • Value Estimation by Request
      0.86 Acres

      7101 127th St

      FINANCIAL BUILDING • 0.86 Acres
      7101 127th St, Palos Heights, IL 60463-1559
      View Details

    Similar Nearby for Sale

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      Fully equipped bakery with training offered in Palos Heights.
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      Established Cafe in Palos Heights

      Turnkey breakfast and lunch cafe with loyal customer base.
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    • Contact for pricing
      0.35 Acres

      Office Spaces in Central Location

      Private office spaces for rent in high-traffic, central area.
      12750 S Harlem Ave, Palos Heights, IL 60463
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    • Contact for pricing
      0.35 Acres

      Palos Heights Office Spaces Available

      Two private second-floor office spaces in high-traffic area.
      12750 S Harlem Ave, Palos Heights, IL 60463
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    • New
      $449,000
      0.17 Acres

      Palos Heights Office/Store Building

      High-exposure commercial building at a high-traffic intersection.
      7227 W 127Th St, Palos Heights, IL 60463
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space in Palos

      Storefront in busy shopping district with ample parking.
      12331 S Harlem Ave, Palos Heights, IL 60463
      View Details
    • $16 SF/Yr
      1,200 SF

      Former Restaurant Space For Lease

      Adaptable retail space with ample parking and excellent visibility.
      13400-13419 S Ridgeland Ave, Palos Heights, IL 60463
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    • $21 SF/Yr
      1,000 SF

      Retail Space Near Harlem Intersection

      1,000 SF retail space with high visibility and ample parking.
      7202 W College Dr, Palos Heights, IL 60463
      View Details
    • $16 SF/Yr
      23,300 SF

      Westgate Valley Commons Retail Space

      Thriving shopping center; high-traffic location; immediate occupancy.
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    • $25 SF/Yr
      4,000 SF

      Move-in Ready Office Space

      Office space for rent with signage and ADA restrooms.
      12021 S Harlem Ave, Palos Heights, IL 60463
      View Details
    • Contact for pricing
      44,392 SF

      Office or Medical Space Available

      Office or medical space for lease near Palos Hospital.
      7600 W College Dr, Palos Heights, IL 60463
      View Details
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    Palos Heights, IL 60463-1488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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