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$420,000
6,819
square ft

8652 W 103rd Street
Palos Hills, Illinois 60465

Closed / MLS #10497380 / Retail Store / Palos Hills
Listing information updated 8/4/2023 at 2:03pm
Value added 6,819sf strip center on a 20,567sf corner lot for sale . The center is located in an upscale neighborhood and has new pylon signage. Currently the center is 75% leased. Existing tenancy includes a Liquor store in the west end unit that has been in the center for over 20 years and occupies 2,520sf. A cafe occupies 1550sf and the east 1,000sf is leased to a Karate studio on a month to month lease. Currently vacant is the middle +/-1,550sf. Fully leased and assuming conservative rental rates this center could generate in excess of $63,000/yr of net income. Projected cap rate at full occupancy is estimated at 15%. New roof installed in 2016. New front sidewalk 2018. New HVAC 2016. New Pylon Signage in 2019. All units have separately metered utilities. Low landlord expenses for this investment.
Built:
1975
Parking Spaces:
25
Cooling System:
Central Air,Central Individual
Stories:
1
Roof:
Membrane
Ceiling Height:
10
Zoning:
COMMR
Rentable Square Feet:
6,819
Building Square Feet:
6,819
Current Net Income:
$45,958
Tax Amount:
$32,140
Tax Year:
2018
Zip Code:
60465
City:
Palos Hills
County:
Cook

Listing Office: Network Commercial Real Estate, LLC

Listing Office Phone: 708.873.5540

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/4/2023 at 2:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Palos Hills

Palos Hills, IL

Palos Hills could be defined as a recreation paradise. The city is home to the Palos Hills Golf Club – a nine-hole public course that sits on 45 acres of prairie grasses, wildflowers, wooded perimeters, and Stony Creek. The course caters to all skill levels, from beginners to advanced. After a rou...
$315,887
Average Sale Price
57
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8652 W 103rd Street, Palos Hills, IL 60465
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8652 W 103rd Street, Palos Hills, IL 60465 is a retail store which sold for $420,000. This retail store has been listed on @properties Christie's International Real Estate since August 25th, 2019 and was built in 1975.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
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