11952 S Harlem Ave - Medical FOR SALE


Palos Heights, IL 60463
$1,250,000 USD
312-637-6582
11952 S Harlem Ave, Palos Heights, IL for Sale
$1,250,000 USD
Medical - FOR SALE
1/8
null | 7.32% Cap Rate

11952 S Harlem Ave
Palos Heights, IL 60463


HIGHLIGHTS

  • Diverse Tenant Mix
  • Rental Increases
  • Strategic Location
  • Growing Medical Office Presence
  • Frontage, Visibility & Signature
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Westen Building, an investment property located at 11952 S Harlem Avenue in Palos Heights, Illinois (the “Property”). The Property is improved by an 8,300 square foot two-story building on a 0.32-acre parcel of land. The Westen Building was originally constructed in 1976 and has been well maintained with capital updates as required over the current owner’s tenure, including a new roof and parking lot. The Westen Building Plaza is 100% leased to a complimentary mix of seven (7) local and regional tenants offering services for the surrounding community. The Westen Building is situated along S Harlem Avenue (IL Route 43), one of the area’s primary commercial and commuter corridors. The property enjoys outstanding frontage, visibility, and signage and benefits from three points of access. The Property is seconds from W College Drive (IL Route 83), and 0.9 miles from W 127th Street. The Westen Building is surrounded by commercial and medical tenants and is well located in the northwest corner of the city. The Property offers convenient access to two Metra Stations, several highways and Interstate 294.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westen Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,795 SF

ZONING

-

APN/PARCEL ID

23-25-205-024-0000

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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Mark HeideckeHorvath & TremblayMore Info
312-637-6582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.