Industrial Flex Building with
10470 164 Place Orland Park, IL 60467
New
10470 164 Place, Orland Park, IL, 60467
$799,000
For Sale
$799,000
COMMERCIAL - Orland Park, IL
Property Size4,000 SF
Lot Size1.06 Acres
Price / SF$199.75
Days on Market2
Property Features for 10470 164 Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 27204010170000
- Lot size
- 1.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 23141
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Membrane
Listing Agency
Century 21 Circle
(708) 361-0800
15812 S. Wolf Road, Oak Lawn, IL
Listed by
Mike McCatty · License #471002650
(708) 398-6400
Added: Jul 15 Checked: Jul 16 at 6:06 pm
MLS# 12700037
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.
Brick industrial flex building on a 1.06-acre lot with a small vestibule and secure entrance leading to a spacious reception area. The interior includes grand double-door entry, two private offices, a kitchenette with storage, and two private restrooms (one includes a shower). The property has been maintained with a newer roof and HVAC system. A flexible layout supports a mix of office-and-warehouse style needs within one structure.
Zoned INDUS, the building is located at 10470 164 Place in Orland Park. It sits just south of 159th Street and 104th Avenue, offering access to expressways while remaining in an established industrial community. Additional outdoor storage/workspace may be provided by shipping containers equipped with electricity. An onsite 199-foot leased communication tower generates income that helps offset operating expenses.
Zoned INDUS, the building is located at 10470 164 Place in Orland Park. It sits just south of 159th Street and 104th Avenue, offering access to expressways while remaining in an established industrial community. Additional outdoor storage/workspace may be provided by shipping containers equipped with electricity. An onsite 199-foot leased communication tower generates income that helps offset operating expenses.
Key Highlights
- Brick 4,000 SF commercial building built in 1989 on a 1‑acre lot in the Village of Orland Park
- Industrial zoning; flexible layout for industrial, office, warehouse, contractor, distribution, or service‑based business uses
- Central air cooling and a membrane roof; newer roof and HVAC system reported in the listing remarks
Local Financial Insights For Office B
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 | $97.9k | $24.48 |
| − Vacancy | −$24.4k | −$6.10 |
| EGI | $73.5k | $18.38 |
| − OpEx | −$18.4k | −$4.60 |
| NOI | $55.2k | $13.79 |
4,000 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$787.9K
$689.4K – $919.2K
NOI $55,153 @ 7.0% cap · market cap 6.90%
Second Best
Flex RnD
$601.7K
$526.5K – $702.0K
NOI $42,120 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,671 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apps Communications, Inc.
Telecommunications Service
Air Wans Wireless ...
Telecommunications Service
BeingSeen360
Advertising Agency
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FAQs
What type of property is this?
Flex space - Brick industrial building with offices, restrooms, newer roof and HVAC, plus a leased 199-foot communication tower.
Where is this flex space located?
The property is located at 10470 164 Place Orland Park, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Brick 4,000 SF commercial building built in 1989 on a 1‑acre lot in the Village of Orland Park; Industrial zoning; flexible layout for industrial, office, warehouse, contractor, distribution, or service‑based business uses; Central air cooling and a membrane roof; newer roof and HVAC system reported in the listing remarks
