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12508 S Harlem Avenue Palos Heights, IL 60463 Commercial - Retail Active

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Description

An outstanding opportunity to own a move-in ready professional office building in one of Palos Heights' most desirable business locations. This impeccably maintained 2,500 sq. ft. property is designed to accommodate a variety of professional uses with exceptional flexibility. The main level features an inviting reception area for greeting clients, four private offices (2 with large windows), and a convenient wet kitchenette and bath. Back door access to sidewalk and grassy area. Second floor offers a spacious open work area, two additional private offices including one with skylights, a wet kitchenette, and a full bathroom. A shared common area allows each level to function independently, making it perfect for an owner occupant to operate their business on one floor while generating rental income from the other. Ideally situated in the heart of Downtown Palos Heights on busy Harlem Avenue with approximately 28,000 vehicles passing daily, this location provides outstanding visibility and is surrounded by popular dining, shopping, and local amenities. Ample parking, two established businesses within the building. Professionally serviced and updated major mechanicals make this a rare turnkey investment opportunity with immediate income and long-term potential.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 2000

General Information

County: Cook
Listed By:
Century 21 Circle 708-361-0800
MRED MLS
$399,000
Est. $2,662/mo
New to the Market Active
SQUARE FEET2,073 MLS#12707045
STATUSActive PROPERTY TYPECommercial - Retail

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12508 S Harlem Avenue, Unit B, Palos Heights, IL 60463.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $399,000$399,000$399,000
Down Payment $79,800$13,965$99,750
Monthly Mortgage Amount $1,991$2,412$2,485
Taxes $555$555$555
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$176$0
Monthly Estimated Total $2,662$3,259$3,156

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