For Sale
$510,000

12339 Harlem Ave Palos Heights, IL 60463

Three-Tenant Retail Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a three-tenant retail storefront located at 12339 S Harlem Ave, Palos Heights, IL 60463, in the bustling Palos Heights Business District. The property boasts a total of 5,010 square feet, currently operating at 100% occupancy, generating a substantial net operating income (NOI) of $17,704. Each of the three units features its own separate heating and air conditioning systems, individually metered for efficient utility management. Convenient parking is available on both Harlem Avenue and 71st Court. The building underwent a significant upgrade in January 2021 with the installation of a new roof, backed by a 25-year warranty, ensuring long-term structural integrity. The property's financial performance is further supported by stable lease agreements

Highlights

  • Three-tenant retail storefront totaling 5,010 square feet in the Palos Heights Business District.
  • 100% occupancy with a strong net operating income (NOI) of $17,704.
  • Each unit has individual HVAC and utilities metering.
  • Ample parking on Harlem Avenue and 71st Court.
  • New roof installed January 2021 with a 25-year warranty.
  • Stable lease agreements in place.

Property Details for 12339 Harlem Ave

Property type
Retail properties, Retail space
Square Feet
5,010 SF
Year Built
1950
Stories
1
Units
3

Location Insight

City
Palos Heights
County
Cook
State
Illinois
Latitude
41.6667448
Longitude
-87.7959649

FAQs

What type of property is this?
Retail property - Three-Tenant Retail Building, 100% Occupied
Where is the retail property located?
The property is located at 12339 Harlem Ave Palos Heights, IL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Three-tenant retail storefront totaling 5,010 square feet in the Palos Heights Business District.; 100% occupancy with a strong net operating income (NOI) of $17,704.; Each unit has individual HVAC and utilities metering.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
12339 Harlem Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message