For Sale
$775,000

10331 Roberts Rd Palos Hills, IL 60465

Profitable Restaurant, Prime Location, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a ±3,200 square foot freestanding restaurant with a patio, situated on a 0.6-acre lot at 10331 S. Roberts Rd in Palos Hills, Illinois. The property, built in 1988 and extensively renovated in 2021, boasts a 100% occupancy rate with a single tenant, Hadhramaut Palace, operating under a five-year lease with renewal options. The restaurant features ample indoor seating for 150 patrons and a picturesque outdoor patio accommodating approximately 180. Significant improvements completed in 2021 include a modernized kitchen, updated hood system, new HVAC, roof replacement, bar expansion, upgraded plumbing, a new patio fireplace, an enhanced entertainment system, a restroom addition, and a renovated parking lot. The property also benefits from prominent pylon signage and digital signage. The site offers 28 surface parking spaces and enjoys a convenient location next to City Hall. The property is zoned B1A. This turnkey operation presents a compelling investment opportunity with a strong tenant and significant recent upgrades. The asking price is $775,000, representing a price per square foot of $242.19. The property's location in Palos Hills, Cook County, provides excellent access to major roadways and is approximately 26 miles south of downtown Chicago. The property's APN is 23-13-102-080-0000.

Highlights

  • 3,200 SF turnkey restaurant with patio on a 0.60-acre lot.
  • Single-tenant, 5-year lease in place.
  • Recently renovated with ample parking.
  • Features an expanded bar and new HVAC system.
  • High-visibility pylon signage and Roberts Road frontage.
  • Restaurant investment opportunity offering a 7.99% capitalization rate.

Property Details for 10331 Roberts Rd

Property type
Retail properties, Restaurants
Square Feet
3,200 SF
Year Built/Renovated
1988/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Palos Hills
County
Cook
State
Illinois
Latitude
41.70245518802
Longitude
-87.817171230334

FAQs

What type of property is this?
Retail property - Profitable Restaurant, Prime Location, High Occupancy
Where is the retail property located?
The property is located at 10331 Roberts Rd Palos Hills, IL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,200 SF turnkey restaurant with patio on a 0.60-acre lot.; Single-tenant, 5-year lease in place.; Recently renovated with ample parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10331 Roberts Rd
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