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Property profile & analytics
OFF-MARKET Estimated value $390,000
Retail space

7270 College Dr Palos Heights, IL 60463-1154

0.5 ac lot Built 1988
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US28-0632334
Property summary
AI-generated overview

This exceptional office property, located at 7270 W College Dr in Palos Heights, IL 60463, offers a diverse range of workspace solutions. The two-story, Class B building, constructed in 1985, boasts a total of 11,000 square feet. Multiple tenancy options are available, catering to businesses of varying sizes. Units range from a minimum of 150 square feet to a maximum contiguous space of 1,750 square feet, providing flexibility for both small startups and established companies. The property is ideally suited for a variety of office types, including traditional office spaces, coworking arrangements, executive suites, and creative office environments. Its location in Palos Heights, within easy reach of Chicago's southwest suburbs, offers convenient access for employees and clients alike. The building's below-market rental rates make it a particularly attractive option for businesses seeking cost-effective, high-quality office space. The property has already attracted a diverse tenant base, including medical practices, law firms, and therapists, highlighting its suitability for a wide range of professional services. This is an excellent opportunity to secure a well-located, versatile office space in a thriving community. Contact us today to learn more about available units and lease terms.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1988
Lot 0.5 ac (21,716 SF)
APN 23-24-406-021
UPID US28-0632334
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
Current use
Occupant on record · Public records
  • Demeter Lela MD Physician
  • Law Offices of J. Mark Lukanich Law Firm
  • Dr. Jeffrey Curtin Physician Medical Clinic
  • Nicholas Rizzo, MD Physician
  • Premiere General Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k
Owner & transaction history
Palos Professional Plaza LLC · 6 yrs held
Palos Professional Plaza LLC
since 2019
7 recorded transactions
2022
Price N/A
2019
$1.4M
2013
Price N/A
2004
Price N/A
2004
$3.0M
1998
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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