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13401 S Ridgeland Avenue

Palos Heights, Illinois 60463


Rebecca Vanderbok
815.814.0872

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$2,395,000


Square Footage
23,231


Property Type
Retail Store
Neighborhood
Palos Heights


Great investment opportunity in Palos Heights, IL. Well maintained 23,000+ square foot retail center situated on a 2.5 acre site. High visibility location on Ridgeland Avenue with over 23,000 vehicles per day passing. Property is 86% occupied with long term tenants include Subway, First Midwest Bank and Zachary's Bar and Grill. This property is priced below replacement cost at $109/SF, and with full occupancy, will run at a 9.75% CAP! Palos Heights is an affluent community with an average home price of over $280,000.



Full Features
Built: 2005
Cooling System: Central Air
Stories: 1
Current Use: Commercial
Zoning: RTAIL
Rentable Square Feet: 1,764
Building Square Feet: 23,231
Current Net Income: $22,821
School District(s): CHSD 218, Palos Heights SD 128


Taxes & Assessments
Taxes: $109,532

Listing information updated 6/24/2019 at 9:23am


Listing Office: Windy City RE LLC

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Palos Heights

Palos Heights is part of the Southwest Suburbs. The southwest suburbs encompass many vibrant suburban communities that continue to attract residents who enjoy affordable housing and close proximity to the city of Chicago. Housing throughout the southwest suburbs consists of…

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Nearby Public Transportation

Metra
Southwest Service

at Palos Park Metra (2.70 miles away)






13401 S Ridgeland Avenue Palos Heights, Illinois 60463 is a retail store property, currently listed at $2,395,000. Want to learn more about 13401 S Ridgeland Avenue Palos Heights, Illinois 60463? Contact an @properties agent to request more info.


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