Freestanding Restaurant and
For Sale
Contact for pricing
Pending
16153 S La Grange Road, Orland Park, IL 60462
Established restaurant property with a ground lease structure and no landlord responsibilities.
Property Size8,000 SF
Days on Market141
Property Features for 16153 S La Grange Road
General Information
Standard status
Pending
Size
8,000 SF
Property subtype
Retail, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Zunarelli Capital Advisors
Listed By:
Julian Zunarelli · License #IN RB20001427
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:10PM
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 Zunarelli Capital Advisors
Investment Insights
Based on property information with market context.
This freestanding 8,000-square-foot restaurant and bar operates under an original 15-year ground lease, with approximately five years remaining. The lease places zero landlord responsibilities on the property owner and includes three additional five-year extension options, each carrying a 10 percent rental increase.
The property is located at 16153 S La Grange Road in Orland Park, along the four-lane South La Grange Road / IL Route 45 corridor. The surrounding trade area includes approximately 290,000 residents, numerous schools, and a broad roster of national retailers and restaurants, including Walmart, Costco, Lifetime Fitness, Target, Jewel Osco, Best Buy, and Rock Bottom Brewery. Interstate 55 and Interstate 80 are also identified as nearby transportation connections.
The property is located at 16153 S La Grange Road in Orland Park, along the four-lane South La Grange Road / IL Route 45 corridor. The surrounding trade area includes approximately 290,000 residents, numerous schools, and a broad roster of national retailers and restaurants, including Walmart, Costco, Lifetime Fitness, Target, Jewel Osco, Best Buy, and Rock Bottom Brewery. Interstate 55 and Interstate 80 are also identified as nearby transportation connections.
Key Highlights
- 8,000‑square‑foot freestanding Houlihan's Restaurant & Bar
- Approximately five years remain on the original 15‑year ground lease
- Three additional five‑year extension options with 10 percent rental increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
374k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Shops & Services 24%
Electronics 14%
Dining 12%
Walmart
Superstores
152,262 visits/mo
0.4 miles
Best Buy
Electronics
42,123 visits/mo
0.5 miles
Five Below
Shops & Services
33,054 visits/mo
0.3 miles
Aldi
Groceries
24,049 visits/mo
0.3 miles
Shell
Shops & Services
21,913 visits/mo
0.4 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?
Conventional restaurant - Established restaurant property with a ground lease structure and no landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 16153 S La Grange Road Orland Park, IL.
What are key features of this property?
This property features: 8,000‑square‑foot freestanding Houlihan's Restaurant & Bar; Approximately five years remain on the original 15‑year ground lease; Three additional five‑year extension options with 10 percent rental increases
