Technical
Financial
Distress signals
Property profile

8066 111th St Palos Hills, IL 60465

OFF-MARKET
Retail space
Property ID
US28-0983134
1.83 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 25,000 square foot, single-story retail center, built in 1988 and renovated in 2023, is located at 8066 W 111th St, Palos Hills, IL 60465, at the intersection of 111th Street and Roberts Road. The property sits on a 3-acre lot and offers 14 suites, with 9,500 square feet currently vacant. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 5,500 square feet. The center boasts dual-sided pylon signage providing excellent visibility to the nearly 11,000 vehicles that travel 111th Street daily. Benefit from the proximity to major retailers including Walgreens, McDonald's, Taco Bell, Pizza Hut, and Ace Hardware. Ample parking is available with 200 spaces. The property is zoned commercial (Class B) and enjoys a prime location across from Stagg High School and one mile west of Moraine Valley Community College. The Palos Hills area is experiencing significant growth, with the population increasing from 17,617 to 19,212. Further enhancing the location's appeal, millions of dollars are being invested in the 111th Street corridor, including a new Starbucks at the hard corner of 111th and Roberts Road, and a new townhome development is underway next door. This presents a unique opportunity for businesses to thrive in a rapidly developing and highly visible location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Lot 1.83 ac (79,715 SF)
APN 23-14-400-038
UPID US28-0983134

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
  • Building Supply General Contractor
  • Tanning Salon

Location

8066 111th St Palos Hills, IL 60465-2204
Palos Hills metro Census 823805 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2022
Last sale
$750,000
2 recorded transactions
2022
$750,000
2012
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8066 111th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message