6361 W College Drive, Palos Heights, IL 60463
Cook County
Key Facts
Description
Prime Commercial Opportunity - 1.18 Acres with 200 ft of Frontage Unlock the potential of this exceptional 1.18-acre commercial property offering 51,000 sq ft of land and an existing 6,400 sq ft building currently operating as a restaurant. Whether you're looking to continue food service operations or redevelop the site entirely, this property provides the flexibility and visibility every business needs. Located just 3 miles from I-294 and 3 miles from Northwestern Medicine Palos Hospital, this high-exposure corridor boasts 200 ft of frontage and impressive traffic counts of 33,000 vehicles per day (IDOT), ensuring outstanding visibility and steady customer flow. The generous lot size, strong demographics, and adaptable building layout make the site ideal for a wide variety of uses-medical, retail, office, automotive, hospitality, service businesses, redevelopment projects, and more. Strong location for retail, medical, office, service, or specialty uses A rare opportunity to secure a prominent, high-traffic commercial location with exceptional potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1994
Stories
1
Living Area
6,457 sq ft
Lot Size
51,179 sq ft
Lot Dimensions
284X203X179X157X126X206
Zoning
MANUF
Days on Market
227
MLS® Listing#
12520295
Property Features
Cooling
Utilities
Financial Details
Annual Taxes
$56,605
Tax year 2022
Parcel Number
24291000250000
Directions
Between Harlem and Central near I-294 and I-57
Affordability Calculator
$335,000
Estimated monthly payment
$8,915/mo
Principal $1,340,000 · Est. interest $1,869,419 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palos Heights, IL
- $339,683
- Median Listing Price
- 32
- Median Days on Market
- 1,630
- Median Sq Ft
- $211
- Median Price / Sq Ft
- 403
- Active Listings
- This home’s price is 393% above the area median.
- Its price per sq ft is 23% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palos Heights, IL.
Location
Points of Interest in Palos Heights, IL
Showing the Palos Heights area map.
Nearby Schools
Chicago Christian High School
Secondary · 0.6 mi away
Navajo Heights School
Elementary · 0.6 mi away
Independence Junior High School
Secondary · 0.9 mi away
Indian Hill
Elementary · 1.0 mi away
Palos Heights School District 128
School · 1.0 mi away
St Alexander School
School · 1.1 mi away
Alan B Shepard High School
Secondary · 1.1 mi away
Trusting Hearts Learning Center
School · 1.1 mi away
Worth School District 127
School · 1.2 mi away
Worth Elementary School
Elementary · 1.4 mi away
Worth Junior High School
Secondary · 1.4 mi away
Our Lady of the Ridge
School · 1.6 mi away
Chicago Ridge School District
Secondary · 1.7 mi away
Ridge Central Elementary School
Elementary · 1.7 mi away
Hazelgreen Elementary School
Elementary · 1.7 mi away
Palos East Elementary School
Elementary · 1.7 mi away
Worthwoods Elementary School
Elementary · 2.0 mi away
Champions at Hale Primary
Elementary · 2.0 mi away
Nathan Hale Primary School
Elementary · 2.0 mi away
Nathan Hale Intermediate School
Elementary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 345 Long Acre Drive, Fairview Heights, IL | $1,200,000 | — | — | — |
| 8510 W 122nd Place, Palos Park, IL | $1,295,000 | 6 | 6 | — |
| 12307 S Hobart Street, Palos Park, IL | $1,350,000 | 5 | 5 | 4,804 |
| 12132 S Harold Avenue, Palos Heights, IL | $1,395,000 | 6 | 5 | 6,200 |
| 1000 W Northwest Highway, Arlington Heights, IL | $1,399,000 | — | — | 12,320 |
| 2733 N ELM Lane, Arlington Heights, IL | $1,399,900 | 4 | 5 | 4,167 |
Moving Cost Estimate
EXIT Agents in Palos Heights
Listing Courtesy: HRE Real Estate Services - 7082207613
Last Updated: 2025-11-18