13150 143rd St, Homer Glen, IL 60491-7813
- Commercial real estate
- 7,306 SF
- 1.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13150 143rd St
- Lot size
- 1.80 lot acres
- Property type
- Commercial real estate
- APN
- 16-05-02-400-037
- APU
- 160502400037
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 21, 2020 | $2,000,000 | 143rd & Bell LLC | T & N Demos LLC | Grant Deed | — |
| Dec 21, 2017 | — | T & N Demos LLC | Trust 74-2449 | Grant Deed · related | — |
Description
This exceptional 7,500-square-foot restaurant space, formerly the Purple Onion, presents a unique investment opportunity in the thriving Homer Glen market. Located at 13150 W 143rd St, Homer Glen, IL 60491, this single-tenant property sits on a substantial 78,400-square-foot lot and boasts an impressive 136 parking spaces, ensuring ample convenience for patrons. The property is ideally situated just blocks from major retailers including Meijer, Jewel, Home Depot, and Menards, guaranteeing high visibility and foot traffic. The restaurant is equipped with essential commercial kitchen infrastructure, including a pre-installed hood system, walk-in cooler, and walk-in freezer, significantly reducing start-up costs for prospective operators. A notable feature of the previous tenant's operation was a dedicated gaming room, offering potential for diverse revenue streams. Will County property taxes are $6.40 per square foot. This turnkey restaurant space offers a compelling blend of location, size, and existing infrastructure, making it an attractive proposition for experienced restaurateurs and investors alike. The property's substantial lot size also allows for potential expansion or outdoor seating areas. This is a rare opportunity to acquire a well-positioned restaurant property in a high-demand area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,570,000
- ML approach
- $2,500,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,850,000
- 6.5%
- $1,705,000
- 7%
- $1,585,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,615,000
Market price range: $615k - $2.62M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Homer Glen
- County
- Will
- State
- Illinois
- Longitude
- -87.9402
- Latitude
- 41.6294
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
