13401 S RIDGELAND Avenue, Palos Heights IL 60463 Photo 1
Listing Courtesy of Chicagoland Brokerage, Llc

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13401 S RIDGELAND Avenue - 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.

Listing information

  • MLS® ID: 10412567
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 2005
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $109,532

Features

Air Conditioning Central Air
Current Use Commercial
Electrical Service Circuit Breakers, Other/Unknown
Extra Storage Spaces Available (Y/N) No
Fire Protection None
Franchisor Feed(y/n) No
Heat/Ventilation Forced Air, Gas
Information 48-Hr Notice Required
Investment (Y/N) Yes
Other # Of Drive In Doors - 0, # Of Tenants - 8, # Of TL Docks - 0, # Of Units - 10, Approx Total Bldg Sq Ft - 23231, Expense Year - 2017, Gross Rental Income $ - 402898, Net Oper Income $ - 22821, Net Operating Income Year - 2017, Net Rentable Area - 23231, Tax Year - 2017, Total Annual Exp - 162599, Total Annual Income - 402898, Township - Palos, Zoning Type - Rtail
Outdoor Parking Over 100 Spaces
Property Offered For Sale Only
Property Type Retail/Stores
Tenant Pays Varies by Tenant
Unincorporated (Y/N) No
Listing Courtesy of Chicagoland Brokerage, Llc