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    9608 161St Pl Orland Park, IL 60462

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    For Lease
    Contact for pricing

    Ground-up retail development in a super regional market.

    Property size:
    6,300 SF
    Lot size:
    34.39 Acres

    Property Features for 9608 161St Pl

    General Information

    Size
    6,300 SF
    Lot size
    34.39 Acres

    Source: Mid-America Real Estate Group Agent Paige Schiesser

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

    Overview

    Retail Space in Premier Location

    This ground-up retail development is located in one of Chicagoland's premier trade areas, a super regional market consisting of over 5 million square feet of retail space. Freestanding outlot opportunities are available. The property benefits from multiple access points from both La Grange Road and 159th Street. The property size is 6,300 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8556318
    Latitude
    41.5974005

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    FAQs

    What type of property is this?
    Retail space - Ground-up retail development in a super regional market.
    Where is this retail space located?
    The property is located at 9608 161St Pl Orland Park, IL.
    What are key features of this property?
    This property features: - Ground up development opportunity in a premier Chicagoland trade area.; - Located in a super regional market with over 5 million square feet of retail.; - Freestanding outlot opportunities available.
    (630) 954-7300
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    9608 161St Pl Orland Park, IL 60462
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    Orland Park, IL 60462
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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
    9608 161St Pl Orland Park, IL 60462
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