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12760 S Harlem Ave Palos Heights, IL 60463

Retail space Google Maps
0.34 ac lot Built 1971
Entity Owned 25-yr Hold Free & Clear
Estimated value (blended)
$375k
Range $338k – $413k (±10%)
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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Dental Office
  • Insurance Agency
  • 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

since 2001
1 recorded transaction
2001
$395,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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