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Orland Park Plaza

15601 S. 94th Avenue, Orland Park, IL 60462

  • For Sale $4,850,000
  • Property Type Retail - Strip
  • Property Size 59,835 Sqft
  • Lot Size 4.87 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Date Updated Jun 09, 2021
The subject property is located at the signalized intersection at 156th Street & 94th Avenue in Orland Park, Illinois. Orland Park is a southwest suburb located approximately 27 miles south of Chicago. Orland Park, a part of Cook County, is an extremely dense suburb with a population of over 170,000 within a five (5) mile radius. The Center is located along the east side of 94th Avenue which provides visibility and exposure to over 16,000 VPD. U.S. Route 45, also known as South Lagrange Road, is located just a few blocks west of the Property. South Lagrange Road is the primary north/south thoroughfare in Orland Park and has an abundance of regional malls along the street including Orland Square Mall, Orland Park Place, Ravinia Plaza, and Lake View Plaza, among others. Orland Square Mall is the largest mall in the southwest suburbs of Chicago totaling over one million square feet and anchored by Macy’s, JC Penny, and Von Maur. In addition to the mall anchors, there are an abundance of national and local retailers along South Lagrange Road, 94th Avenue and the other neighboring streets. Neighboring Retailers include Costco, Whole Foods, Jewel-Osco, Trader Joe’s, ALDI, Binny’s Beverage Depot, Target, Walgreen’s, CVS/Pharmacy, Lowe’s Home Improvement, Dania Furniture, Ashley Homestore, Art Van Furniture, Dave & Busters, Barnes & Noble, Office Depot, Michaels, Dick’s Sporting Goods, Kohl’s, Nordstrom Rack, Bed Bath & Beyond, DSW, Ross Dress 4 Less, Party City, Dollar Tree, PetSmart, Petco, Men’s Wearhouse, Gap, Forever 21, McDonald’s, Starbuck’s, Dunkin Donuts, Buffalo Wild Wings, Chipotle, Potbelly, Panera Bread, and Panda Express among many others.
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Location

  • City Orland Park, IL
  • Neighborhood Orland Park
  • Zip Code 60462
  • Market Chicago

Contacts

broker

Andrew Rubin

Frontline Real Estate Partners

(847) 780-8062

Highlights

  • Extremely well located along the Orland Park commercial corridor with visibility to approximately 16,000 VPD
  • At the existing occupancy rate of 86.62%, the center produces a NOI of approx. $410,050
  • Savers, the center’s anchor tenant, has leased at the center since 2012 and recently extended their lease through November 2027
  • Art & Company just renewed their lease extending them out through July 2025
  • The center shares a signalized intersection with Lowe’s Home Improvement
  • The Property features an on-site parking lot totaling 312 spaces for both customers and employees
  • Value add with 8,000 SF vacancy
  • Densely populated area of over 170,000 within a five (5) mile radius

Frequently Asked Questions

What is the total size of Orland Park Plaza?

Orland Park Plaza has a total of 59,835 square feet.

What is the year built for Orland Park Plaza?

The year built for Orland Park Plaza is 1984.

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Contact Listing Broker

broker

Andrew Rubin

Frontline Real Estate Partners

(847) 780-8062

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