8652 W 103rd St
Palos Hills, IL 60465
Palos Center · Retail Property For Sale

Value added 6,700sf strip center on a 20,567sf corner lot for sale . The center is located in an upscale neighborhood and has new pylon signage. Currently the center is 75% leased. Existing tenancy includes a Liquor store in the west end unit that has been in the center for over 20 years and occupies 2,520sf. A café occupies 1550sf and the east 1,000sf is leased to a Karate studio on a month to month lease. Currently vacant is the middle +/-1,550sf. Fully leased and assuming conservative rental rates this center could generate in excess of $63,000/yr of net income. Projected cap rate at full occupancy is estimated at 15%. New roof installed in 2016. New front sidewalk 2018. New HVAC 2016. New Pylon Signage in 2019. All units have separately metered utilities. Low landlord expenses for this investment.