Palos Heights, IL Commercial Real Estate for Lease and Sale

Explore 13 listings of Palos Heights commercial real estate to find the best space for your business.

Southwick Commons Retail

7201 W. College Drive, Palos Heights, IL
Property

Retail

23,000 SF
Availability

1 Space

1,500 SF
For Lease

$16.00/SF/YR
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Palos Crossing

11845 Southwest Hwy., Palos Heights, IL
Property

Retail

22,598 SF
Availability

5 Spaces

14,827 SF
Year Built

2006
For Lease

$15.00/SF/YR
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11950 S. Harlem Ave.

11950 S. Harlem Ave., Palos Heights, IL
Property

Office

12,437 SF
Availability

1 Space

1,684 SF
Year Built

1974
For Lease

$15.00/SF/YR
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11800 S 75th Ave

11800 S 75th Ave, Palos Heights, IL
Property

Office

3,125 SF
Availability

1 Space

3,125 SF
Year Built

1989
For Lease

$15.00/SF/YR
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11800 S 75th Ave

11800 S 75th Ave, Palos Heights, IL
Property

Office

2,444 SF
Availability

1 Space

2,444 SF
Year Built

1989
For Lease

$15.00/SF/YR
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7227 W 127th St

7227 W 127th St, Palos Heights, IL
Property

Office

2,000 SF
Availability

1 Space

2,000 SF
Year Built

1966
For Lease

$11.00/SF/YR
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6420 W 127th St

6420 W 127th St, Palos Heights, IL
Property

Office

9,500 SF
Availability

2 Spaces

2,115 SF
Year Built

1968
For Lease

$17.00/SF/YR
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7600 College Drive

7600 College Drive, Palos Heights, IL
Property

Office

51,063 SF
Availability

7 Spaces

9,625 SF
For Lease Contact for pricing
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7110 West 127th Street
Nook Coworking Space
7110 West 127th Street #150, Palos Heights, IL
Services

Virtual Office

Open Workspace

Meeting Room

Private Office
Amenities

High-speed internet

High-speed wifi

Mail services

Office furniture

Printer
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12349 S Harlem Ave

12349 S Harlem Ave, Palos Heights, IL
Property

Retail

4,500 SF
Year Built

1939
For Sale

$750,000
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7202 West College Drive

7202 West College Drive, Palos Heights, IL
Property

Retail

5,217 SF
Availability

1 Space

1,000 SF
Year Built

2007
For Lease

$21.00/SF/YR
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7154 West College Drive

7154 West College Drive, Palos Heights, IL
Property

Retail

8,000 SF
For Sale Contact for pricing
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Palos Crossings

11845 Southwest Hwy , Palos Heights, IL
Property

Retail

23,986 SF
Availability

2 Spaces

4,223 SF
Year Built

2006
For Lease

$17.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Palos Heights commercial real estate market incorporates 84,329 square feet of office space across 8 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Palos Heights commercial real estate market includes 87,301 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Palos Heights incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Palos Heights is represented by Office space, which accounts for 22,873 square feet of available listings. Retail space available in Palos Heights adds up to 21,550 square feet.

Meanwhile, most of the listings of commercial property for sale in Palos Heights are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Palos Heights is $15.1 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Palos Heights can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Palos Heights, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $17 per square foot. In particular, the property type commanding the highest lease rates in Palos Heights was Office space.

The average size of a commercial property in Palos Heights depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Palos Heights, the average size of an office property is 10,542 square feet.
Retail properties here incorporate an average of 14,551 square feet.

Palos Heights, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Palos Heights currently add up to 42,543 square feet. The market offers 6 active office listing(s), which amount to 20,993 square feet and account for 60% of commercial spaces on the market. Local retail availability includes 21,550 square feet across 4 retail space(s).

Property Type	Count of Listings	Total SF
Office	6	20,993
Retail	4	21,550

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Palos Heights, IL. Currently, there is 12,500 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	2	12,500

Palos Heights, IL Commercial Real Estate for Lease and Sale

Southwick Commons Retail

Palos Crossing

11950 S. Harlem Ave.

11800 S 75th Ave

11800 S 75th Ave

7227 W 127th St

6420 W 127th St

7600 College Drive

7110 West 127th Street

12349 S Harlem Ave

7202 West College Drive

7154 West College Drive

Palos Crossings

Frequently Asked Questions

Palos Heights, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Palos Heights, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Palos Heights, IL?

What factors affect the price of commercial real estate in Palos Heights, IL?

What is the average rent for commercial space in Palos Heights, IL?

What are the best areas for commercial real estate in Palos Heights, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Palos Heights, IL?

Palos Heights, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us