15311 70Th CtOrland Park, IL 60462

Property Details for 15311 70Th Ct

Year built

1989

Lot size

1.19 AC

Property type

Office properties

APN

28-18-100-050-1001

APU

28181000501001

Description

This fee-simple, 5,000-square-foot flex condo unit in Orland Park, Illinois presents a compelling investment opportunity. Located at 15311 S 70th Ct, 60462, this Class C property boasts a 7.02% cap rate and a current NOI of $35,080, based on 100% occupancy. The building, constructed in 1989, sits on a 1.19-acre lot and features two loading docks, a 16-foot ceiling height, and is zoned I-1. The space includes a newly built-out 2,500-square-foot, two-story office area and 2,500 square feet of warehouse space. The property is currently under a month-to-month lease, offering flexibility for owner-occupancy or immediate lease-up. Conveniently located near Harlem Avenue, it provides easy access to Interstate 80 within a ten-minute drive, benefiting from a strong industrial submarket with low vacancy rates and positive rent growth. Separate utilities and flat repair fees simplify ownership. The asking price is $500,000, translating to $100 per square foot. This single-unit property offers a unique blend of office and warehouse space, making it ideal for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $16,658,613

  6.5%

  $15,377,181

  7%

  $14,278,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,751,639

  Geo Method

  $6,751,639

• Alternative Use

  Use

  Valuation

  Residential

  $19,067,704

  Hospitality

  $17,465,916

  Educational

  $14,531,436

  Medical

  $15,031,195

  Retail

  $22,604,456

Location Insight

City

Orland Park

County

Cook

State

Illinois

Latitude

41.613

Longitude

-87.7906

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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