10470 164 Place Orland Park, IL 60467
COMMERCIAL - Orland Park, IL
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 agent Mike McCatty License #471002650 (708) 398-6400
Listing office Century 21 Circle 15812 S. Wolf Road, Oak Lawn, IL (708) 361-0800
Listing date Jul 15, 2026
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.
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 |
