15898 La Grange RdOrland Park, IL 60467

Property Details for 15898 La Grange Rd

Year built

2016

Lot size

1.10 AC

Property size (Sq ft)

14,281 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Orland Park

County

Cook

State

Illinois

Latitude

41.6022

Longitude

-87.853

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