50 Orland Square Dr, Orland Park, IL
Freestanding retail building positioned at Orland Square Mall entrance.
- Added:
- Aug 11, 2023
- Days on Market:
- 1061
- Last Refresh:
- May 20 at 9:15 pm
Property Features for 50 Orland Square Dr
General Information
- Standard status
- Active
- Size
- 9,572 SF
- Lot size
- 1.43 Acres
- Property subtype
- RETAIL
Listing office Lee & Associates | Chicago (708) 903-4660
Listing date Aug 11, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Chicago
HighLights
- Well positioned at signalized entrance to Orland Square Mall.
- Free‑standing outlot building.
- Located in front of Von Maur.
Overview
Local Financial Insights For Retail
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 | $206.8k | $21.60 |
| − Vacancy | −$17.0k | −$1.77 |
| EGI | $189.8k | $19.83 |
| − OpEx | −$56.9k | −$5.95 |
| NOI | $132.9k | $13.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8476
- Latitude
- 41.6165
