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Orland Park Retail Development Opportunity
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16011 LaGrange Rd, Orland Park, IL

Land available for ground-up retail development in Orland Park, IL.

Space Size562 SF
Lot Size34.39 Acres
Days on Market329

Property Features for 16011 LaGrange Rd

General Information

Standard status Active
Size 562 SF
Lot size 34.39 Acres
Property subtype RETAIL

Spaces For Lease

at 16011 LaGrange Rd Contact us

16011 LaGrange Rd

Floor
1
Size
562 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
Yes
- Ground up development in one of Chicagoland’s premier trade areas Super regional...
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Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Dick Spinell
Source: Moodyscre
Added: Oct 21, 2025 Changed: Aug 8 Last Checked: Sep 13 at 9:39AM

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 Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

This property presents a ground-up development opportunity in a well-established Chicagoland trade area. The super-regional market encompasses over 5 million square feet of retail space. The site offers freestanding outlot opportunities with multiple access points from both La Grange Road and 159th Street, benefiting from a combined traffic volume of 68,400 vehicles per day. It is adjacent to a high-performing Costco location in Illinois. The property size is 562 square feet and is located in Orland Park, IL.

Key Highlights

  • Adjacent to the 4th highest performing Costco in Illinois
  • Super regional market consisting of 5M+ square feet of retail
  • Multiple access points from both La Grange & 159th Street (68,400 total VPD)

Property Analytics

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Current Use

La-Z-Boy Furniture Galleries Furniture & Home Goods

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Garden Center Catering Service Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

868
Businesses Nearby
597k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 26% Shops & Services 24% Groceries 15% Dining 14%
Walmart Superstores
152,262 visits/mo 0.4 miles
Jewel-Osco Groceries
67,482 visits/mo 0.4 miles
Best Buy Electronics
42,123 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
33,383 visits/mo 0.5 miles
Five Below Shops & Services
33,054 visits/mo 0.3 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Orland Park, IL

$21 /SF/Yr
Avg Asking Price
$14–$32.5 /SF/Yr
Price Range
7,171 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Land available for ground-up retail development in Orland Park, IL.
Where is this retail space located?
The property is located at 16011 LaGrange Rd Orland Park, IL.
What are key features of this property?
This property features: Adjacent to the 4th highest performing Costco in Illinois; Super regional market consisting of 5M+ square feet of retail; Multiple access points from both La Grange & 159th Street (68,400 total VPD)
(630) 954-7364 Call to check price and availability
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