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15159 S La Grange Rd
Orland Park, IL 60462
Five-Tenant Service-Based Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ??????????????100% Occupied Essential Service Five-Tenant Retail Center with an Outstanding Tenant Mix???????
- ???????Small Price Point with Diversified Risk
- Outparcel to Market-Dominant Power Center
- Easy-to-Lease Boxes with Future Rental Upside
- Hard Corner Intersection, Excellent Visibility with Multiple Access Points
- ???????Dense, Affluent Demographic Base
EXECUTIVE SUMMARY
???????The Offering provides a unique opportunity to acquire a fee-simple interest in a multi-tenant retail property located at 15159 S La Grange Rd, 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 15,224 square feet of retail space on a 0.86-acre parcel and is 100% leased to five (5) individual, strong-performing retailers—all operating under net lease agreements.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,224 SF
Building Class
B
Year Built
2005
Price
$5,964,640
Price Per SF
$391.79
Cap Rate
7.50%
NOI
$447,348
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.86 AC
Zoning
COR
Parking
60 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 27-15-100-058-0000 | Improvements Assessment | $2,973,595 |
| Land Assessment | $1,536,056 | Total Assessment | $4,509,651 |
PROPERTY TAXES
Parcel Number
27-15-100-058-0000
Land Assessment
$1,536,056
Improvements Assessment
$2,973,595
Total Assessment
$4,509,651
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