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15497 S 94th Ave
Orland Park, IL 60462
Orland Park Retail Center - Value Add Opp · Retail Property For Sale
Investment Highlights
- VALUE-ADD RETAIL SHOPPING CENTER INVESTMENT OPPORTUNITY – EXISTING RENTS 50% LESS THAN COMPARABLE RETAIL SPACE
- MULTI TENANT LEASED INVESTMENT – 100% LEASED – TAX BENEFITS
- LOCATED WITHIN THE CORE RETAIL CORRIDOR - LAGRANGE ROAD - NEAR ORLAND SQUARE MALL
- CONVENIENT LOAN ASSUMPTION WITH HISTORICALLY LOW INTEREST RATE OF 3.875%. HIGH CASH ON CASH RETURN 7.61%
- LOCATED WITHIN UPSCALE SUBURB OF CHICAGO – DOMINANT TRADE AREA
- WELL BELOW REPLACEMENT COSTS – $120/SF
Property Facts
Property Type
Retail
Property Subtype
Building Size
59,835 SF
Building Class
C
Year Built
1984
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
4.81 AC
Zoning
BIZ - Orland Park
Parking
168 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
Property Taxes
| Parcel Number | 27-15-304-003-0000 | Improvements Assessment | $158,399 |
| Land Assessment | $23,438 | Total Assessment | $181,837 |
Property Taxes
Parcel Number
27-15-304-003-0000
Land Assessment
$23,438
Improvements Assessment
$158,399
Total Assessment
$181,837
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