15898 La Grange RdOrland Park, IL 60467

For Sale
$9,600,000

High-Yield Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
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
15898 La Grange Rd, Orland Park, Illinois

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15898 La Grange Rd
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