Prime Investment Opportunity in Palos Heights Business District This well-maintained retail property consists of three fully leased storefronts in the heart of the Palos Heights Business District, offering excellent visibility and accessibility. The building benefits from dual frontage with convenient parking on both Harlem Avenue and 71st Court. Key features include: Fully Leased Units: Reliable rental income with long-term tenants. Separate Utilities: Each unit has independent heating and air conditioning, separately metered for tenant-paid gas and electric. Recent Upgrades: A new roof was installed in January 2021, backed by a transferable 20-year warranty. Generous Space: Over 5,000 sq. ft. of total rental space. Current Lease Details: 12339 - 1,350 sq. ft., leased at $2,040/month (expires 10/31/26). 12341 - 1,350 sq. ft., leased at $1,894/month (expires 3/31/27). 12343 - 2,300 sq. ft., leased at $1,840/month (expires 9/30/25). Operating Expenses: Insurance: $3,100/year Water/Sewer: $4,380/year Disposal: $1,344/year With tenants covering gas and electric, this low-maintenance investment offers strong cash flow potential in a thriving commercial corridor. Don't miss this exceptional opportunity-contact us today for more details!
Based on information submitted to the MLS GRID as of 03/31/2025 02:59 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
