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    OFF-MARKET Estimated value $670,000
    Retail space

    8066 111th St, Palos Hills, IL 60465-2204

    1.83 ac lot Built 1986
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US28-0983134
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Palos Hills Garage Door Repair CO. Building Supply General Contractor
    • L.A. TAN Tanning Salon
    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
    Kiswani Family Investment Group INC · 4 yrs held
    Kiswani Family Investment Group INC
    since 2022
    Last sale
    $750,000
    2 recorded transactions
    2022
    $750,000
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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