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15601 - 15625 S 94th Avenue - Orland Park Plaza - Orland Park Plaza, Orland Park, IL

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15601 - 15625 S 94th Avenue - Orland Park Plaza - Orland Park Plaza

Orland Park, IL 60462-4722 - South Route 45 Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1986
Building Size:59,875 SF Land Area:4.67 AC (203,425 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:7,882 SF Largest Space:7,882 SF Total Space Avail:7,882 SF Rent/SF/Yr:
$11.00
Parking:Free Surface spaces are available; Ratio of 5.21/1,000 SF
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
7,882 SF
$11.00/SF/Yr
Vacant
Negotiable
Retail
 
8499902
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
7,882 SF
$11.00/SF/Yr
Vacant
Negotiable
Retail
Anchored by high traffic generating anchor Savers. Close proximity to Orland Square mall, Target Greatland, Jewel, and Lowe’s Home Improvement. 312 vehicle parking, signalized intersection.

Sale Notes:
Orland Park Plaza is an approximate 60,000 square foot multi-tenant retail center located at the corner of 156th Street & 94th Avenue in the heart of the Orland Park commercial corridor. Tenants at the center include Savers, Art & Company, Surface Solutions, & Space Golf. All in-place tenants have term through at least 6/30/21. The property shares an intersection with Lowe's Home Improvement and is surrounded by national retailers including Staples, Target, Whole Foods, and Jewel-Osco, among others.

With a pro forma NOI of $457,501, the center offers investors an opportunity to purchase a cash flowing asset in a strong commercial corridor, with the ability to add value by leasing the remaining vacancy. There are 265 parking spaces on-site. Motivated Seller. Property should trade at an attractive cap rate! Additional information on the offerings and the auction process can be found via the below link:

https://marketplace.realinsight.com/auction/property/194

Frontline Real Estate Partners
Andrew Rubin
(847) 780-8062


Lagestee-Mulder Commercial Construction & Real Est
Rich Bowden
(630) 560-2811

Martha Winter
(630) 560-2902



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