Property profile

13023 La Grange Rd Palos Park, IL 60464

OFF-MARKET
Retail space
Property ID
US28-2177985
2.53 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This commercial property is located within the Chicago MSA at the signalized intersection of US-45 (LaGrange Road) and West 131st Street. The site occupies approximately 13,891 square feet and is situated near a retail anchor, Jewel-Osco. The property is structured under a NNN-style leasing arrangement, indicating tenant responsibility for typical operating and maintenance expenses with no landlord responsibilities specified. It has an operating history dating to 2002. The intersection is characterized by high traffic volumes, with a combined count of about 48,900 vehicles per day, and the surrounding area includes an estimated population of over 145,700 people within a five-mile radius. Nearby uses include retailers and service providers such as ALDI, Chase Bank, DaVita, Circle K, and Dunkin’, and the property is within walking distance of Carl Sandburg High School, which has an enrollment of about 2,800 students.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Lot 2.53 ac (110,207 SF)
APN 23-34-100-071
UPID US28-2177985

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
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Cinema (Bike/Boat/Book/etc) Store
  • Postal Service Courier Service

Location

13023 La Grange Rd Palos Park, IL 60464-1718
Palos Park metro Census 823901 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

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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