Bank Branch
For Sale
Contact for pricing
Pending
15862 South La Grange Road, Orland Park, IL 60462
Ground-leased bank property with a new 10-year extension in the Chicago MSA.
Property Size5,409 SF
Days on Market142
Property Features for 15862 South La Grange Road
General Information
Standard status
Pending
Size
5,409 SF
Property subtype
Retail
Additional Details
Cap Rate
5.75%
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 9:50PM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
This bank property is structured as a ground lease and includes 5,409 square feet of retail space. The lease has a new 10-year extension, providing a defined long-term term for the asset.
The property is located at 15862 South La Grange Road in Orland Park, Illinois, within the Chicago MSA. The reported cap rate is 5.75%.
The property is located at 15862 South La Grange Road in Orland Park, Illinois, within the Chicago MSA. The reported cap rate is 5.75%.
Key Highlights
- Ground lease with a new 10‑year extension
- 5,409 SF retail property
- 5.75% cap rate
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
676k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Dining 25%
Shops & Services 19%
Groceries 10%
Costco Wholesale
Superstores
177,884 visits/mo
0.5 miles
Jewel-Osco
Groceries
67,482 visits/mo
0.4 miles
Chick-fil-A
Dining
66,342 visits/mo
0.2 miles
Best Buy
Electronics
42,123 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
35,756 visits/mo
0.5 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
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Frequently Asked Questions
What type of property is this?
Bank - Ground-leased bank property with a new 10-year extension in the Chicago MSA.
Where is this bank located?
The property is located at 15862 South La Grange Road Orland Park, IL.
What are key features of this property?
This property features: Ground lease with a new 10‑year extension; 5,409 SF retail property; 5.75% cap rate
