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$ 510,000
Est. payment /mo
Active
12339 S Harlem AVE Palos Heights, IL 60463
5,010 SqFt
UPDATED:
02/14/2025 06:29 PM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 5,010 sqft
Price per Sqft $101
MLS Listing ID 11688125
Year Built 1950
Annual Tax Amount $37,720
Tax Year 2023
Lot Dimensions 60 X 222
Property Sub-Type Retail/Stores
Property Description
Prime Investment Opportunity in Palos Heights Business District This well-maintained retail property consists of three fully leased storefronts in the heart of the Palos Heights Business District, offering excellent visibility and accessibility. The building benefits from dual frontage with convenient parking on both Harlem Avenue and 71st Court. Key features include: Fully Leased Units: Reliable rental income with long-term tenants. Separate Utilities: Each unit has independent heating and air conditioning, separately metered for tenant-paid gas and electric. Recent Upgrades: A new roof was installed in January 2021, backed by a transferable 20-year warranty. Generous Space: Over 5,000 sq. ft. of total rental space. Current Lease Details: 12339 - 1,350 sq. ft., leased at $2,040/month (expires 10/31/26). 12341 - 1,350 sq. ft., leased at $1,894/month (expires 3/31/27). 12343 - 2,300 sq. ft., leased at $1,840/month (expires 9/30/25). Operating Expenses: Insurance: $3,100/year Water/Sewer: $4,380/year Disposal: $1,344/year With tenants covering gas and electric, this low-maintenance investment offers strong cash flow potential in a thriving commercial corridor. Don't miss this exceptional opportunity-contact us today for more details!
Location
State IL
County Cook
Area Palos Heights
Zoning RTAIL
Interior
Cooling Central Individual
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Roof Type Membrane,Reflective Coating,Rubber
Building
Dwelling Type Retail/Stores
Level or Stories 3
Structure Type Brick,Block
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Linda Schaver • @properties Christie's International Real Estate
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