8652 W 103rd St
Palos Hills, IL 60465
Palos Center · Retail Property For Sale
Property Facts
Amenities
- Corner Lot
- Pylon Sign
About 8652 W 103RD ST , PALOS HILLS, IL 60465
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.
Property Taxes
| Parcel Number | 23-11-305-008-0000 | Improvements Assessment | $81,707 |
| Land Assessment | $62,040 | Total Assessment | $143,747 |
Property Taxes
