For Sale
$9,600,000

15898 La Grange Rd Orland Park, IL 60467

High-Yield Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional Orland Park retail investment opportunity featuring 14,281 square feet of Class A retail space, situated on 1.1 acres at a major intersection with over 77,500 vehicles daily. This 100% occupied property boasts a diverse tenant mix including Aspen Dental, AT&T, Mattress Firm, and Al Hamawi Roastery & Café, all backed by corporate guarantees. The property benefits from a strong regional draw, situated adjacent to a major 329,903 square foot shopping center anchored by national retailers such as Ulta Beauty, Best Buy, and others, attracting over 256,500 annual visitors. Built in 2016, the single-story building features 63 parking spaces and offers a substantial Net Operating Income (NOI) of $641,864, resulting in a 6.70% cap rate. The property is offered fee simple with a NNN lease structure and includes built-in rent bumps. Further enhancing its value, a significant new development is underway across the street, including a grocery-anchored center, restaurants, a hotel, and medical office space, promising increased traffic and future appreciation. This is a rare opportunity to acquire a high-performing, stabilized retail investment in a prime Orland Park location. The asking price is $9,600,000.

Highlights

  • High-traffic location at the intersection of LaGrange Road and 159th Street (US-6) in Orland Park, IL, a prime retail submarket within the Chicago MSA, experiencing over 77,500 vehicles daily.
  • Fully leased to a mix of national tenants including Aspen Dental, AT&T, Mattress Firm, and Al Hamawi Roastery & Café.
  • Adjacent to Lake View Plaza, a 329,903 SF regional shopping center anchored by strong national tenants, generating over 256,500 annual visitors.
  • Across the street, a new 34+ acre development is underway, featuring a grocery-anchored center, restaurants, a hotel, and medical office space.

Property Details for 15898 La Grange Rd

Property type
Lifestyle centers, Power centers
Square Feet
14,281 SF
Class
A
Year Built
2016
Stories
1
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Orland Park
County
Cook
State
Illinois
Latitude
41.602197608915
Longitude
-87.853013192148

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, 100% Occupied
Where is the lifestyle center located?
The property is located at 15898 La Grange Rd Orland Park, IL.
What is the asking price?
The asking price for this property is $9,600,000.
What are key features of this property?
This property features: High-traffic location at the intersection of LaGrange Road and 159th Street (US-6) in Orland Park, IL, a prime retail submarket within the Chicago MSA, experiencing over 77,500 vehicles daily.; Fully leased to a mix of national tenants including Aspen Dental, AT&T, Mattress Firm, and Al Hamawi Roastery & Café.; Adjacent to Lake View Plaza, a 329,903 SF regional shopping center anchored by strong national tenants, generating over 256,500 annual visitors.
How can I contact the broker?
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15898 La Grange Rd
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