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15341-15345 S La Grange Rd
Orland Park, IL 60462
Jared Jewelers | Relief Urgent Care · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ??????????????100% Occupied Essential Service Two-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
- Excellent Visibility with Multiple Access Points
- ???????Dense, Affluent Demographic Base
EXECUTIVE SUMMARY
???????The Offering provides a unique opportunity to acquire a dual-tenant retail property located at 15341-15345 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 9,904 square feet of retail space on a 0.86-acre parcel and is 100% leased to Jared Jewelers and Relief Urgent Care—both operating under net lease agreements.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,904 SF
Building Class
C
Year Built
2005
Price
$3,563,651
Price Per SF
$359.82
Cap Rate
7.75%
NOI
$276,183
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.86 AC
Zoning
B-2
Parking
30 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
103’ on S La Grange Rd
PROPERTY TAXES
| Parcel Number | 27-15-100-045-0000 | Improvements Assessment | $80,874 |
| Land Assessment | $117,647 | Total Assessment | $198,521 |
PROPERTY TAXES
Parcel Number
27-15-100-045-0000
Land Assessment
$117,647
Improvements Assessment
$80,874
Total Assessment
$198,521
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