13011 S 104th Avenue
Palos Park, IL, 60464 $ 7,100,000
Bedrooms-- Baths-- Sq 36,622 Monthly Estimate*
$ 43,716
for $7,100,000. This 36,622 square foot building was built in 2004 on a lot size of 5.83.
Discover a PRIME opportunity to own a fully leased, turnkey Medical Office building with long-term, stable tenants-many in place for over a decade! Anchored by Heart Care Centers of Illinois, which occupies the entire first floor (18,311 SF) with a lease through 2035 and options extending through 2045, this property delivers reliable, long-term income from day one. The building totals approximately 36,622 square feet and has been professionally managed and meticulously maintained. Built in 2004, this modern, high-quality facility features a prominent marquee for tenant signage, new front sliding doors, rooftop solar panels, ample surface parking, and exclusive covered parking for tenants-enhancing convenience, accessibility, and overall comfort. Situated on 5.83 acres, the expansive site provides generous parking and effortless access for patients and staff. Additionally, Peace Village Senior Living is located directly north of the property and is home to approximately 285 residents. Many residents and employees are patients or clients of the existing tenants, further enhancing convenience and supporting natural cross-referral opportunities within the building. Location, Location, Location: Less than one mile from LaGrange Road with convenient access to major expressways including I-294, I-55, I-57, and I-355, the property is ideally positioned to serve a broad patient base throughout the southwest suburbs and greater Chicagoland area. This is a RARE opportunity to acquire a high-quality, income-producing medical office building in a prime location-an exceptional addition to any investment portfolio.
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FeaturesGeneralCooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 2004
Electric Circuit Breakers Separate Meters
Stories Count 3
Township Palos
Tax Year 2024
Current Use Medical/Dental
Gross Income 913704
County Cook
Net Operating Income 494706
Operating Expense 418997
Property Type Commercial Sale Office/Tech
Energy Efficient Photovoltaic/Solar System
Status Active
Directions LAGRANGE RD TO 131ST W TO 104TH AVE-LOCATED ON NORTHEAST CORNER OF 104TH AVE & 131ST STREET
City Palos Park
MLS Area Palos Park
Lot Size Square Feet 253955
Tax Annual Amount 209956
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
Cap Rate 7
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ExteriorBuilding Area Total 36622
Lot Dimensions 412x614x412x612
Lot Size Acres 5.83
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* Excluded FeaturesList ByOlivieri Real Estate LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $43,716
- Monthly Property Taxes
- $17,496
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Palos Park, IL
Average List Price $7,100,000
Percent of Sale Price 0%
About Palos Park, IL 5,703 Population
9% Since 2002
$ 87,653 Median Income
52.87 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/2/2026 | $7,100,000 | | Listed Price |