Mall Anchor Redevelopment
For Sale
Contact for pricing
Pending
2 Orland Square Dr, Orland Park, IL 60462
Freestanding anchor space at Orland Square Mall, on a large site with redevelopment accommodation.
Property Size202,788 SF
Lot Size16.29 Acres
Days on Market132
Property Features for 2 Orland Square Dr
General Information
Standard status
Pending
Size
202,788 SF
Lot size
16.29 Acres
Property subtype
Retail
Building Details
Year Built
1978
Listing Agency:
CBRE - Oak Brook
Listed By:
Adam Foret · License #IL 475160621
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 20 at 8:28AM
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 CBRE - Oak Brook
Investment Insights
Based on property information with market context.
CBRE’s National Retail Partners presents a for-sale anchor space comprising 100% fee interest in 2 Orland Square Drive, a 202,788 SF retail anchor space at Orland Square Mall. Constructed in 1978, the property is located on a site totaling approximately 16.29 acres and may accommodate multiple redevelopment opportunities.
The anchor is positioned within Orland Square Mall as part of a super-regional mall serving the Chicago Southland Suburban Region. The property sits at the fully signalized northeast corner of LaGrange Road and 151st Street, with access via Orland Square Drive through numerous access points along LaGrange Road and 151st Street.
Offered to qualified investors, the property provides a single-anchor configuration within the mall environment, with redevelopment flexibility supported by the size of the surrounding site.
The anchor is positioned within Orland Square Mall as part of a super-regional mall serving the Chicago Southland Suburban Region. The property sits at the fully signalized northeast corner of LaGrange Road and 151st Street, with access via Orland Square Drive through numerous access points along LaGrange Road and 151st Street.
Offered to qualified investors, the property provides a single-anchor configuration within the mall environment, with redevelopment flexibility supported by the size of the surrounding site.
Key Highlights
- 202,788 SF anchor space at 2 Orland Square Drive within Orland Square Mall
- Constructed in 1978; 100% fee interest available for qualified investors
- Located on a 16.29‑acre / 709,726 SF site with accommodation for multiple redevelopment opportunities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,137
Businesses Nearby
960k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 52%
Shops & Services 20%
Dining 18%
Groceries 5%
Macy's
Apparel
152,941 visits/mo
0.2 miles
Barnes & Noble
Shops & Services
72,807 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
70,426 visits/mo
0.4 miles
JCPenney
Apparel
64,867 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
56,180 visits/mo
0.3 miles
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Park Pointe Plaza Shopping Center — 14934 LaGrange Rd, Orland Park, IL 60462
- Regent Plaza — 9145 W 151st St, Orland Park, IL 60462
- Orland Park Market Place — Orland Park Place, 49 Orland Park Pl, Orland Park, IL 60462
- Ravinia Plaza — 15150 LaGrange Rd, Orland Park, IL 60462
- Sunglass Hut at Macy's — 1 Orland Square Dr, Orland Park, IL 60462
Frequently Asked Questions
What type of property is this?
Shopping center - Freestanding anchor space at Orland Square Mall, on a large site with redevelopment accommodation.
Where is this shopping center located?
The property is located at 2 Orland Square Dr Orland Park, IL.
What are key features of this property?
This property features: 202,788 SF anchor space at 2 Orland Square Drive within Orland Square Mall; Constructed in 1978; 100% fee interest available for qualified investors; Located on a 16.29‑acre / 709,726 SF site with accommodation for multiple redevelopment opportunities
