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Vacant land. 8048 W 111th St 2,942 SF Retail Building Palos Hills, IL 60465 $599,500 ($203.77/SF)
Executive Summary
Palos Hills a unique opportunity to acquire vacant land situated at the busy intersection of Roberts Rd and 111th Street in Palos Hills. This strategically located site benefits from previously developed infrastructure, including: In-place utilities: electricity, gas, sewer, and city water. Existing curb, gutter, and sidewalk. established drive approaches The prime location offers excellent visibility and accessibility, making it ideal for various commercial uses. Zoning permits a wide range of possibilities, including: Convenience store Sit-down restaurant, with second level apartments for the owner. Also, great potential. with combining adjacent property. Please see the listening 11050 S Roberts Rd MLS # 12295882.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,942 SF
Building Class
C
Year Built
1962
Price
$599,500
Price Per SF
$203.77
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.70 AC
Parking
52 Spaces (17.68 Spaces per 1,000 SF Leased)
Frontage
112’ on 111th St
Amenities
- Pylon Sign
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-14-400-032-0000 | Improvements Assessment | $0 |
| Land Assessment | $34,877 | Total Assessment | $34,877 |
Property Taxes
Parcel Number
23-14-400-032-0000
Land Assessment
$34,877
Improvements Assessment
$0
Total Assessment
$34,877
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Vacant land. | 8048 W 111th St
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