15255 94Th AveOrland Park, IL 60462

Property Details for 15255 94Th Ave

Year built

1987

Lot size

3.62 AC

Property type

Office buildings

APN

27-15-101-011

APU

2715101011

Description

This Class A, 12,582 square foot office building in Orland Park, Illinois, offers a variety of workspace solutions. Located at 15255 South 94th Avenue, 5th Floor, 60462, this Cook County property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features modern amenities including elevators and a stunning marble lobby with a drop-in lounge, perfect for client meetings. Floor-to-ceiling windows provide abundant natural light. Space is divisible down to a minimum of 10 square feet, with a maximum contiguous space of 1,330 square feet. The building's strategic location on the I-80 corridor, just 25 miles southwest of downtown Chicago, ensures excellent connectivity. Its proximity to Orland Square Mall offers convenient access to shopping and amenities. The property is ideal for businesses seeking executive office space, coworking arrangements, or creative office environments. Multiple tenancy options are available. This iconic building provides an inspiring and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $50,676,108

  6.5%

  $46,777,944

  7%

  $43,436,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,538,732

  Geo Method

  $20,538,732

• Alternative Use

  Use

  Valuation

  Residential

  $58,004,652

  Hospitality

  $53,131,948

  Educational

  $44,205,160

  Medical

  $45,725,440

  Retail

  $68,763,584

Location Insight

City

Orland Park

County

Cook

State

Illinois

Latitude

41.6137

Longitude

-87.8476

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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