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15105-15127 S La Grange Rd
Orland Park, IL 60462
Fidelity Anchored Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ?????100% Occupied Five-Tenant Retail Shopping Center anchored by Fidelity
- Easy to Lease Spaces with Future Rental Upside
- All Tenants are Service or Furniture-based and Require Physical, In-person Interaction
- Hard Corner Lighted Intersection, Excellent Visibility with Multiple Access Points
EXECUTIVE SUMMARY
The Offering provides a unique opportunity to acquire a fee-simple interest in a multitenant retail property located at 15105 – 15127 S La Grange Rd & 9559 W 151st St, Orland Park, IL (the “Property”). The Property serves as an outparcel to the 650,000 square foot, market-dominant retail power center, Orland Park Market Place in Orland Park, IL. The Property consists of approximately 22,966 square feet of retail space on a 1.53-acre parcel and is 100% leased to five (5)individual, strong-performing retailers all operating under net lease agreements. Additionally, the Property includes a 2.08-acre parking lot parcel that is used exclusively for parking for the three (3) surrounding outparcels.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,966 SF
Building Class
B
Year Built
2007
Price
$11,875,773
Price Per SF
$517.10
Cap Rate
7.50%
NOI
$890,683
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
3.62 AC
Zoning
B-2 - Community Business District
Parking
179 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $665,361 | |
| Land Assessment | $548,036 | Total Assessment | $1,213,397 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$548,036
Improvements Assessment
$665,361
Total Assessment
$1,213,397
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