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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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    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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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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