This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

934 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Jewel-Osco (Albertsons) 12803 S Harlem Ave

57,685 SF Retail Building Palos Heights, IL 60463 $17,126,903 ($297/SF) 5.65% Cap Rate

Retail Space Illinois Palos Heights 12803 S Harlem Ave, Palos Heights, IL 60463

Investment Highlights

  • INVESTMENT GRADE TENANT – Property features a 13-year lease with a corporate guarantee from Albertsons Companies
  • COMPLETELY PASSIVE INVESTMENT – The lease is absolute NNN (no landlord responsibilities). Lease features 7.5% rental Increases every five years.
  • RESILIENCE TO ECONOMIC CYCLES – Grocery retail is considered recession-resistant, as consumers prioritize spending on essential goods
  • ATTRACTIVE ASSUMABLE DEBT – This property has assumable financing available at a 4.38% interest rate. The loan is coterminous with the lease term
  • STRONG DEMOGRAPHICS – 250,000+ people within a 5-mile radius, providing a great target market of grocery shoppers.
  • MODERN GROCERY STORE FORMAT – The property, built in 2012, features a modern store layout, a convenient drive-thru pharmacy

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
57,685 SF
Building Class
B
Year Built
2012
Price
$17,126,903
Price Per SF
$297
Cap Rate
5.65%
NOI
$967,670
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
10.06 AC
Parking
206 Spaces
Frontage
280 FT on 127th St

Amenities

  • Pylon Sign
  • Signalized Intersection

Links

1 of 1
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Jewel-Osco
Huntington National Bank
Fifth Third Bank
First Merchants Bank
Old National Bank
BMO
Bank of America
Chase Bank

PROPERTY TAXES

Parcel Number 24-31-100-050-0000 Improvements Assessment $791,641
Land Assessment $191,170 Total Assessment $982,811

PROPERTY TAXES

Parcel Number
24-31-100-050-0000
Land Assessment
$191,170
Improvements Assessment
$791,641
Total Assessment
$982,811
(866) 889-0550

Contacts

  • Listing ID: 33869994

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 12803 S Harlem Ave, Palos Heights, IL 60463

More public record information on 12803 S Harlem Ave, Palos Heights, IL 60463

The Retail Property at 12803 S Harlem Ave, Palos Heights, IL 60463 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/6
12803 S Harlem Ave, Palos Heights, IL for sale Building Photo- Image 1 of 6
jewel1 wm
12803 S Harlem Ave, Palos Heights, IL for sale Building Photo- Image 2 of 6
jewel wm
12803 S Harlem Ave, Palos Heights, IL for sale Building Photo- Image 3 of 6
photo 1 logo
12803 S Harlem Ave, Palos Heights, IL for sale Building Photo- Image 4 of 6
photo 2 logo
12803 S Harlem Ave, Palos Heights, IL for sale Building Photo- Image 5 of 6
map logo

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Jewel-Osco (Albertsons) | 12803 S Harlem Ave
(866) 889-0550 x

Jewel-Osco (Albertsons) | 12803 S Harlem Ave

1/3

Mitchell Tebon

(866) 889-0550

(866) 889-0550

Roman Stuart

(214) 295-8565

(214) 295-8565

Andrew Gross

(435) 659-1404

(435) 659-1404

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link