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    Property profile & analytics

    13150 143rd St Homer Glen, IL 60491-7813

    • Commercial real estate
    • 7,306 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimation
    $2,420,000
    Last Sale
    Oct 21, 2020
    $2,000,000
    Location Intelligence
    Property ID
    US28-2844905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13150 143rd St

    Lot size
    1.80 lot acres
    Property size
    7,306 SF
    Property type
    Commercial real estate
    APN
    16-05-02-400-037
    APU
    160502400037

    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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,920,000
      6.5%
      $2,130,000
      7%
      $2,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,110,000
      Geo Method
      $2,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,160,000
      Retail
      $1,820,000
      Mixed-Use
      $1,765,000
      Hospitality
      $2,120,000
      Educational
      $1,885,000
      Residential Income
      $2,130,000
      Energy
      $1,895,000
      Income-Based Land
      $2,100,000
      Food Service
      $2,240,000

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,265
    $240,853
    $369,971
    $610,824
    -
    $722,559
    $1,109,913
    $1,832,472

    Comparable in this City

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    • Value Estimation by Request
      5.00 Acres

      15930 159th St

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    • Value Estimation
      $365,000
      2,005 SF

      12265 159th St

      COMMERCIAL (GENERAL) • 2,005 SF
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      View Details

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    13150 143rd St
    Homer Glen, IL 60491-7813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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