7227 W 127TH Street, Palos Heights, IL 60463 | MLS #12431241 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of HomeSmart Realty GroupMREDas Distributed by MLSGrid- MLS# 12431241MLS Provider

7227 W 127TH StreetPalos Heights, IL 60463

Commercial · 3,500 Sq. ft.
$449,000 Active

7227 W 127TH Street Overview

Time on Site:
336 days
Visits:
10

High exposure for this office/store building, located on the high-traffic intersection of 127th St & Harlem Ave. 1st floor is fully rented. 2nd floor offers 7 offices with a reception area that can be combined under 1 business or divided and rented individually. Naturally lit with large windows. Perfect for attorneys, accountants, insurance agents..etc.

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7227 W 127TH Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,500
  • Price/Sq.ft. $128

Details

General

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1963

Business Information

  • Current Use: Office

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $22,546.80
  • Tax Year: 2023

General Information

  • Parcel Number: 23362040270000
  • Possible Use: Commercial,Office,Retail,Special Use
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3500

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 3500
  • Stories: 2

Unit Information

  • Unit SqFt.: 3500

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 50X150
  • Lot Size Square Feet: 7500

Building Exterior/Construction

  • Construction Materials: Brick, Wood, Vinyl Siding
  • Roof: Membrane

General Information

  • Number Of Units Total: 7

7227 W 127TH Street 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.

7227 W 127TH Street Monthly Cost

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Mike Mabry
* 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.

7227 W 127TH Street Market Data

Based on the last 30 days in this zip code

$441,478
Average List Price
$206
Average Price per Square Foot
19
Properties Sold
47
Average Days on Market
53
Properties for Sale
Calculations provided by Reliance Network

7227 W 127TH Street History

Date Event Value Agent
10/21/2025Source: MRED Status Change
Active
10/16/2025Source: MRED Price Reduction
$449,000 -10.0%
10/16/2025Source: MRED Status Change
Price Change
8/2/2025Source: MRED Status Change
Active
7/31/2025Source: MRED Added to Database
July 28, 2025