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15862 S La Grange Rd
Orland Park, IL 60462
Bank of America Ground Lease | New 10-Yr Ext · Retail Property For Sale
Investment Highlights
- Bank of America Abs NNN Ground Lease w/ 10.5 Yrs Remaining in Orland Park, IL (Suburban Chicago), Tenant Since 1986 – Nearly 40 Yrs of Tenancy
- Tenant Just Renewed for 10 Years at Market Rent (57% Increase to Prior Rent) Demonstrating Strong Commitment to the Site
- Absolute NNN Ground Lease – Zero Landlord Responsibilities
- Outparcel to Lake View Plaza – Prominent Open- Air Shopping Center with Best Buy, Value City Furniture, JOANN, ULTA, Petco, Bob’s Discount Furniture,
- Strong Deposits of $294 Million as of June 2022; Top 11% of Bank of America Branches in the Chicago MSA (#14 of 127 Locations)
- Huge Traffic Counts of 43,500 VPD on 95th Ave (South La Grange Rd); Just North of Major Signalized Intersection at 159th St. w/ a Combined 80,500 VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,409 SF
Building Class
B
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.53 AC
Zoning
Commercial
Parking
25 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
97’ on S La Grange Rd
Property Taxes
| Parcel Number | 27-16-403-011-0000 | Improvements Assessment | $6,958,337 |
| Land Assessment | $2,793,247 | Total Assessment | $9,751,584 |
Property Taxes
Parcel Number
27-16-403-011-0000
Land Assessment
$2,793,247
Improvements Assessment
$6,958,337
Total Assessment
$9,751,584
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