Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11229-11255 W 143Rd St Orland Park, IL 60467

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space at a strong intersection with established co-tenants.

    Property size:
    1,633 SF
    Lot size:
    1.99 Acres

    Property Features for 11229-11255 W 143Rd St

    General Information

    Size
    1,633 SF
    Lot size
    1.99 Acres

    We can help!

    Listing Contact
    Les Kristof
    Les Kristof
    Source: Moodyscre

    Listing Agency: CBRE | Chicago Listing Agent: Les Kristof

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Orland Park Retail Space Available

    This retail space, built in 2003, is located at the intersection of 143rd St and Wolf Rd. The property benefits from strong co-tenancy, including Hair Cuttery, T-Mobile, Rocco Vino’s, a cleaners, and a florist. Nearby retailers include CVS, Dunkin' Donuts, Shell, Pop’s, Allstate, First Midwest Bank, Kumon, and Beggars Pizza. The property offers 1460 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8936703
    Latitude
    41.6290722

    Nearby Similar for Lease

    • Contact for pricing

      Orland Park Office/Medical Condo

      Prime office/medical condo for rent in Orland Park, Illinois.
      16525 106Th Ct, Orland Park, IL 60467
      View Details
    • New
      Contact for pricing

      Orland Park Industrial Warehouse Unit

      1,600 SF industrial unit with office space for lease.
      15527 S 70Th Ct, Orland Park, IL 60462
      View Details
    • Contact for pricing
      56,192 SF

      Orland Park Professional Office Space

      Professional office building in Orland Park with high commuter traffic.
      8651 W 159Th St, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Premium Office Suite

      2,000 SF office suite in Orland Park's business corridor.
      13255 Southwest Hwy, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Retail/Office Space

      Retail or office space in Orland Park's antique district.
      9919 W 143Rd Pl, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Private Office Space Available

      Private office space with shared amenities in Orland Park.
      1600 Ravinia Pl, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Corner Retail Space

      Corner retail/office space in Orland Park, flooded with natural light.
      11225 W 159Th St, Orland Park, IL 60467
      View Details
    • $48 SF/Yr

      Orland Park Retail Space Available

      Prime retail space in Orland Park with high visibility.
      9604 W 161St St, Orland Park, IL 60467
      View Details
    • Sponsored
      Contact for pricing

      IL, Orland Park - 94th Ave

      Flexible workspace in PA, Greensburg - Main St
      15635 94Th Ave, Orland Park, IL 15635
      View Details
    • $16 SF/Yr

      Orland Park Office Space Available

      Professional office building in Orland Park with private parking.
      8651 W 159Th St, Orland Park, IL 60462
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space Near Orland Square

      2,100 SF retail space in affluent Orland Park market.
      15102 South La Grange Rd, Orland Park, IL 60462
      View Details
    • New
      Contact for pricing

      Orland Park

      Discover many ways to work your way in Orland Park
      15255 94Th Ave, Orland Park, IL 60462
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space at a strong intersection with established co-tenants.
    Where is this retail space located?
    The property is located at 11229-11255 W 143Rd St Orland Park, IL.
    What are key features of this property?
    This property features: - Strong co-tenancy with established businesses including Hair Cuttery, T-Mobile, Rocco Vino’s, cleaners, and florist.; - Located at a strong intersection of 143rd St and Wolf Rd.; - Proximity to nearby retailers such as CVS, Dunkin Donuts, Shell, Pop’s, Allstate, First Midwest Bank, Kumon, Beggars Pizza.
    (630) 573-1282 Call to check price and availability
    Request Owner's contact information
    11229-11255 W 143Rd St Orland Park, IL 60467
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11229-11255 W 143Rd St
    Orland Park, IL 60467
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11229-11255 W 143Rd St Orland Park, IL 60467
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Les Kristof
    Les Kristof
    (630) 573-1282 (312) 935-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!