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7227 W 127th St 3,545 SF 100% Leased Office Building Palos Heights, IL 60463 $499,000 ($140.76/SF)
Investment Highlights
- Lease-up opportunity with immediate income in place — ideal for investor or owner-user.
- Income growth potential with flexibility for investors and owner-users.
- Located at W 127th St & S Harlem Ave with ±31,000 VPD traffic exposure.
- Situated in Palos Heights, an affluent south suburban community.
- ±3,545 SF small-format office with 13 parking spaces and B-1 zoning.
- ±24 miles to Downtown Chicago with strong 5-mile consumer base of 257,749+ residents.
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,545 SF
Building Class
C
Year Built
1968
Price
$499,000
Price Per SF
$140.76
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,773 SF
Building FAR
0.48
Lot Size
0.17 AC
Zoning
B1 - Commercial
Parking
13 Spaces (3.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Signage
- Fully Carpeted
- Hardwood Floors
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-36-204-027-0000 | Improvements Assessment | $59,987 |
| Land Assessment | $22,500 | Total Assessment | $82,487 |
Property Taxes
Parcel Number
23-36-204-027-0000
Land Assessment
$22,500
Improvements Assessment
$59,987
Total Assessment
$82,487
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