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    15551-15567 S 94Th Ave Orland Park, IL 60462

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    For Lease
    $15 SF/Yr ($3,743 /Mo)

    2,898 SF retail space in a busy shopping center.

    Property size:
    2,898 SF
    Lot size:
    2.27 Acres

    Property Features for 15551-15567 S 94Th Ave

    General Information

    Size
    2,898 SF
    Lot size
    2.27 Acres

    Source: Lee & Associates | Chicago Agent Carole Caveney

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

    Overview

    Retail Space in Orland Park

    A 2,898 square foot retail space is available within a 27,800 square foot strip center situated on 2.34 acres. The property is located in Orland Park's major retail thoroughfare, surrounded by numerous shopping centers. It benefits from a signalized corner location, providing easy access. The area is characterized by high household incomes. The property features 115 parking spaces. Traffic counts on 94th Avenue reach 13,600 vehicles per day. Taxes are $5.70 per square foot, and CAM charges are $2.27 per square foot. The lease rate is $14.50 per square foot NNN.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8473666
    Latitude
    41.608308

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    FAQs

    What type of property is this?
    Strip mall - 2,898 SF retail space in a busy shopping center.
    Where is this strip mall located?
    The property is located at 15551-15567 S 94Th Ave Orland Park, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Located in Orland Park's major retail thoroughfare.; - Situated at a signalized corner providing easy access.; - High household income in surrounding areas.
    (708) 903-4660
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    Realmo Value Estimation

    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.

    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.

    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
    15551-15567 S 94Th Ave Orland Park, IL 60462
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