16165 La Grange Rd
Orland Park, IL 60467
Orland Park Restaurant with Real Estate · Retail Property For Sale

The subject property is a single purpose restaurant building that was built in 2002 as a Champps Restaurant. This 9,420 square foot building sits on a 107,187 square foot site with surface parking for 158 cars. The restaurant underwent a recent remodeling and is in very good condition. The restaurant closed in the fall of 2016 and was acquired through a sheriff’s sale in August 2017. The property will be sold as is where is and is subject to a reciprocal easement agreement dated October 24, 2003 and recorded with the Cook County Recorder of Deeds as Document # 0330319104. The subject property is located at 16165 South LaGrange Road in the Village of Orland Park, Illinois and is approximately 25 miles southwest of Chicago. Ranked among the top 100 places to live, Orland Park is a premier community in the Chicago metro market and is close to several interstate highways, with the I-80 east-west connector at its southern border. The Metra commuter rail system links it to the Chicago Loop and from there to O’Hare and Midway Airports. The site is centrally located in what can easily be considered the strongest retail and commercial hub in Chicago’s southwest suburbs. Combined traffic counts along LaGrange Road and 159th Street are in excess of 50,000 per day. Surrounding co-tenants include significant demand generators such as Lifetime Fitness, the 15-screen Marcus Orlando Park Cinema, Walmart, Target, and the Homewood Suites Hotel. In tota, Orland Park had $1.67 billion in retail sales, ranking it the fifth highest of any Chicagoland suburb. Population in the 5-mile ring primary trade area is 178,000 with an average household income of $107,000 and a median age of just under 44 years. The rate of population change since 2010 has been 0.13% annually.