Multi-Tenant Industrial
10410-10426 163RD Place Orland Park, IL 60467
New
For Sale
$3,776,000
COMMERCIAL - Orland Park, IL
Property Size32,000 SF
Lot Size2.14 Acres
Price / SF$118
Days on Market1
Property Features for 10410-10426 163RD Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 27204040081001
- Lot size
- 2.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 158970
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Concrete
- Building materials
- Brick, Concrete, Block
Listing Agency:
Jameson Sotheby's Intl Realty
(312) 751-0300
Listed By:
Alexandra Castle
(312) 335-3291
Added: Jul 23
Last Checked: Jul 23 at 10:06PM
MLS# 12709047
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant industrial warehouse offers approximately 32,000 SF across a masonry construction building built in 1999. The facility includes warehouse space along with office, conference, kitchen, and restroom areas, supported by approximately 24-foot clear ceiling heights. Operations are supported by multiple drive-in doors and loading docks.
The property sits on approximately 2.14 acres and has seen recent improvements, including a new roof installed just over a year ago. Zoning is INDUS, and the site is served by municipal water and sewer, with gas heat and ample on-site parking.
Convenient access to major highways and transportation routes helps support logistics and industrial use in the Orland Park industrial corridor. It’s suited for a range of industrial, warehouse, manufacturing, distribution, or owner-user operations based on the available building configuration and infrastructure.
The property sits on approximately 2.14 acres and has seen recent improvements, including a new roof installed just over a year ago. Zoning is INDUS, and the site is served by municipal water and sewer, with gas heat and ample on-site parking.
Convenient access to major highways and transportation routes helps support logistics and industrial use in the Orland Park industrial corridor. It’s suited for a range of industrial, warehouse, manufacturing, distribution, or owner-user operations based on the available building configuration and infrastructure.
Key Highlights
- 32,000 SF multi‑tenant industrial warehouse on approx. 2.14 acres in the Orland Park industrial corridor
- Masonry construction with approx. 24‑ft clear ceiling heights
- Includes warehouse plus office, conference, kitchen, and restroom space
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $576.0k | $18.00 |
| − Vacancy | −$57.6k | −$1.80 |
| EGI | $518.4k | $16.20 |
| − OpEx | −$181.4k | −$5.67 |
| NOI | $337.0k | $10.53 |
32,000 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$6.30M
$5.52M – $7.35M
NOI $441,228 @ 7.0% cap · market cap 11.69%
Second Best
Flex RnD
$4.81M
$4.21M – $5.62M
NOI $336,960 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$11.05M
$9.67M – $12.89M
NOI $773,370 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Multi-tenant warehouse with drive-in doors, offices, and loading docks on masonry construction with 24-foot clear height.
Where is this flex space located?
The property is located at 10410-10426 163RD Place Orland Park, IL.
What is the asking price?
The asking price for this property is $3,776,000.
What are key features of this property?
This property features: 32,000 SF multi‑tenant industrial warehouse on approx. 2.14 acres in the Orland Park industrial corridor; Masonry construction with approx. 24‑ft clear ceiling heights; Includes warehouse plus office, conference, kitchen, and restroom space
