12508 S Harlem Ave - Medical CONDO FOR SALE


Palos Heights, IL 60463
$399,000 USD
708-945-2121
12508 S Harlem Ave, Palos Heights, IL for Sale
$399,000 USD
Medical CONDO - FOR SALE
1/26
null | Request Cap Rate

12508 S Harlem Ave
Palos Heights, IL 60463


HIGHLIGHTS

  • Heavy vehicle traffic
  • Newer brick building
  • Fully built out

OVERVIEW

An outstanding opportunity to own a move-in ready professional office building in one of Palos Heights' most desirable business locations. This impeccably maintained 2,500 sq. ft. property is designed to accommodate a variety of professional uses with exceptional flexibility. The main level features an inviting reception area for greeting clients, four private offices (2 with large windows), and a convenient wet kitchenette and bath. Back door access to sidewalk and grassy area. Second floor offers a spacious open work area, two additional private offices including one with skylights, a wet kitchenette, and a full bathroom. A shared common area allows each level to function independently, making it perfect for an owner occupant to operate their business on one floor while generating rental income from the other. Ideally situated in the heart of Downtown Palos Heights on busy Harlem Avenue with approximately 28,000 vehicles passing daily, this location provides outstanding visibility and is surrounded by popular dining, shopping, and local amenities. Ample parking, two established businesses within the building. Professionally serviced and updated major mechanicals make this a rare turnkey investment opportunity with immediate income and long-term potential.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Midtown Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

2,073 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,195 SF

ZONING

B1

APN/PARCEL ID

23-25-425-017-0000,23-25-425-019-0000

ASK ABOUT THIS PROPERTY

Mike McCattyMike McCatty GroupMore Info
708-945-2121

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Mike McCattyMike McCatty GroupMore Info
708-945-2121

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