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Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12624995MLS Provider

11011 Southwest HighwayPalos Hills, IL 60465

Commercial
$15,466 Active

11011 Southwest Highway Overview

Time on Site:
69 days
Visits:
0

SVN Chicago proudly presents this exceptional leasing opportunity in business-friendly Palos Hills, IL. Formerly a Greek restaurant, this large and modular building is ready for it's next operator! The property is currently gutted, as a tenant recently went under lease but quickly defaulted. The exterior of the property is still in very good shape. Plumbing, gas, and electrical hookups are all still in place. This restaurant boasts; 2 bars, 2 walk-in coolers, 1 walk-in freezer, a 13' hood, a 8' hood, 2 bathrooms, and an updated boiler. Outside, the property has 90 parking spaces, an outdoor patio in the front, a tower sign, and a trailer containing a large number of tables and chairs for potential reuse. This asset can be configured for a number of different restaurant operations, and is easily accessible and visible from the main road.

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11011 Southwest Highway Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net

Building Information

  • Year Built: 1972

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Palos Hills

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Sewer, Recapture Fee, All Utilities

Tax Information

  • Tax Annual Amount: $45,767.00
  • Tax Year: 2025

General Information

  • Property Type: Commercial Lease

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 8000
  • Stories: 2

Unit Information

  • Unit SqFt.: 8000

Exterior

11011 Southwest Highway Neighborhood

Community

60465 (PALOS HILLS) Demographics

45
Median Age
3,618
Population Density (per sq. mile)
39%
College Educated
$64,364
Estimated Median Income
5,509
Estimated Total Home Owners
1,738
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

11011 Southwest Highway Market Data

Based on the last 30 days in this zip code

$335,879
Average List Price
$221
Average Price per Square Foot
23
Properties Sold
42
Average Days on Market
72
Properties for Sale
Calculations provided by Reliance Network

11011 Southwest Highway History

Date Event Value Agent
4/26/2026Source: MRED Status Change
Active
4/21/2026Source: MRED Added to Database
April 21, 2026
12/17/2024Source: MRED Status Change
Closed
11/11/2024Source: MRED Status Change
Contingent
8/17/2024Source: MRED Status Change
Active
8/12/2024Source: MRED Price Reduction
$1,199,000 -19.5%
8/12/2024Source: MRED Status Change
Price Change
6/4/2024Source: MRED Status Change
Active
5/30/2024Source: MRED Added to Database
May 30, 2024