62 Orland Square DrOrland Park, IL 60462

This exceptional three-story, 15,555 square foot Class B office building at 62 Orland Square Drive in Orland Park, Illinois presents a compelling investment opportunity. Currently 83.3% occupied with 15 credit-rated tenants under gross leases, the property boasts a strong NOI of $154,092 and a pro-forma NOI of $173,168, yielding a current cap rate of 11.85% and a pro-forma cap rate of 13.32%. Built in 1978 on a 0.103-acre lot, the building features 18 units ranging in size to accommodate diverse business needs, with rent bumps already in place. The property benefits from a prime location with convenient access to major expressways and nearby shopping, enhancing tenant appeal. The building includes an elevator and offers a picturesque pond view. The asking price is $1,299,999, representing a price per square foot of $83.57 and a price per unit of $72,222.17. This stabilized investment offers significant upside potential with its strong tenant base and attractive location in Cook County, IL (APN: 27103010140000). The property is suitable for executive, medical, and traditional office uses. The projected occupancy date is April 2, 2024.