15715 Wolf RdOrland Park, IL 60467

Property Details for 15715 Wolf Rd

Year built

1973

Lot size

1.89 AC

Property type

Retail space

APN

27-17-300-016

APU

2717300016

Description

This exceptional 2.5-11 acre property in Orland Park, Illinois (60467), presents a remarkable investment or redevelopment opportunity. Strategically located at 15715 Wolf Rd, bordering BMW of Orland Park and near the bustling intersection of 159th and Wolf Road, this site offers unparalleled access to amenities. City sewer and water are readily available. The property boasts a diverse mix of existing structures, including multiple commercial office buildings, two residential homes, a residential apartment, a substantial 100x200 pole building, and over ten additional outbuildings. Current zoning is mixed commercial, residential, and agricultural, with multiple PIN numbers. The village is receptive to both residential and commercial development on the entire parcel, or the possibility exists to subdivide into smaller 2.5-acre parcels. This location is highly desirable, within walking distance of grocery stores, shopping, dining, schools, and interstate access. The property's existing buildings generate rental income, making it an attractive investment with immediate cash flow. This is an unparalleled chance to acquire a large, versatile property in a thriving Orland Park location. Serious inquiries only. Do not enter the property without a scheduled showing.

• CAP approach

  CAP return

  Valuation

  6%

  $38,893,072

  6.5%

  $35,901,300

  7%

  $33,336,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,022,520

  Geo Method

  $27,022,520

• Alternative Use

  Use

  Valuation

  Residential

  $30,284,088

  Hospitality

  $27,740,062

  Educational

  $23,079,406

  Medical

  $23,873,142

  Retail

  $35,901,300

Location Insight

City

Orland Park

County

Cook

State

Illinois

Latitude

41.6041

Longitude

-87.8905

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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