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Listing provided courtesy of Better Homes & Gardens Real EstateMREDas Distributed by MLSGrid- MLS# 12640430MLS Provider

12240 S Harlem AvenuePalos Heights, IL 60463

Commercial
$149,900 Active

12240 S Harlem Avenue Overview

Time on Site:
53 days
Visits:
0

Exceptional opportunity to acquire a well-established, award-winning breakfast and lunch bistro located on highly trafficked Harlem Avenue in Palos Heights. This inviting cafe is known for its quality offerings, warm atmosphere, and strong customer loyalty. The business features a diverse menu complemented by fresh coffee and refreshing beverage options, enhancing the overall customer experience and repeat traffic. Currently operating with breakfast and lunch service, offering dine-in and takeout options. Benefit from excellent visibility, steady foot and vehicle traffic, and a prime location within a busy commercial corridor. Turnkey operation with an established reputation and consistent clientele, ideal for an owner-operator or investor seeking a thriving concept with potential for continued growth.

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12240 S Harlem Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Existing Lease Type: Gross
  • Operating Expense: 78228

Business Information

  • Business Type: Food & Beverage

Location/Region

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

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2025

General Information

  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Stories: 1

Unit Information

  • Unit SqFt.: 2000

Exterior

12240 S Harlem Avenue Neighborhood

Community

60463 (Palos Heights) Demographics

52
Median Age
2,644
Population Density (per sq. mile)
50%
College Educated
$90,679
Estimated Median Income
5,025
Estimated Total Home Owners
321
Estimated Total Renters
94% / 6%
Estimated Owner / Renter Divide
3
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.

12240 S Harlem Avenue Monthly Cost

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$ %
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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12240 S Harlem Avenue Market Data

Based on the last 30 days in this zip code

$440,141
Average List Price
$202
Average Price per Square Foot
21
Properties Sold
47
Average Days on Market
52
Properties for Sale
Calculations provided by Reliance Network

12240 S Harlem Avenue History

Date Event Value Agent
5/13/2026Source: MRED Status Change
Active
5/7/2026Source: MRED Price Increase
$149,900 4,063.9%
5/7/2026Source: MRED Added to Database
May 07, 2026