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Property profile & analytics
OFF-MARKET Estimated value $2,230,000
Commercial real estate

13150 143rd St Homer Glen, IL 60491-7813

7,306 SF 1.8 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US28-2844905
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,306 SF
Lot 1.8 ac (78,408 SF)
APN 16-05-02-400-037
UPID US28-2844905
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.50M
CAP Approach CAP
$1.71M
Comparable Approach Comparable
$2.62M
Blend (final) Blend
$2.23M
Owner & transaction history
143rd & Bell LLC · 5 yrs held
143rd & Bell LLC
since 2020
Last sale
$2.0M
2 recorded transactions
2020
$2.0M
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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