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Property profile & analytics
FOR LEASE
Retail space

12760 S Harlem Ave Palos Heights, IL 60463

0.34 ac lot Built 1971
Entity Owned 25-yr Hold Free & Clear
Property ID
US28-0936495
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,244 square foot, full brick and flexi-core office building located at 12760 S Harlem Avenue in Palos Heights, Illinois, 60463. Built in 1972, this two-story building offers four individual office units, each currently generating rental income, totaling $5,250 per month. The property features a full basement, providing ample additional space. The building is equipped with security cameras for enhanced safety and security. The prime location on busy Harlem Avenue boasts impressive daily traffic counts of 31,700 vehicles, offering excellent visibility and signage opportunities on the building's marquee. The asking price is $599,000, representing a price per unit of $149,750. This property is ideal for investors seeking a strong return on investment in a high-traffic location with significant rental income potential. The flexible layout allows for easy expansion or modification to suit various business needs. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1971
Lot 0.34 ac (14,875 SF)
APN 23-36-204-022
UPID US28-0936495
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
  • Consolidated Insurance Consultants Insurance Agency
  • Kehl Kenneth DDS Dental Office
  • Cheap Car Insurance Palos Heights Insurance Agency
  • Foster J W Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k
Owner & transaction history
G & E Real Esate Partnership · 25 yrs held
G & E Real Esate Partnership
since 2001
1 recorded transaction
2001
$395,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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