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Fully Leased Shopping Center
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66 Orland Square Drive, Orland Park, IL 60462

Fully occupied center with experiential and entertainment-oriented tenants.

Property Size83,827 SF
Price / SF$145.54
Days on Market12

Property Features for 66 Orland Square Drive

General Information

Standard status Active
Size 83,827 SF
Total Parking Spaces 437
Property subtype Retail
Zoning COR (Mixed Use District)
Occupancy 100%
Net Operating Income $955,255

Additional Details

Anchor Co-Tenants Sky Zone, Slick City Action Park, Time Mission

Building Details

Year Built 1979
Year Renovated 2016
Buildings 1
Units 3
Tenancy Multi
Listing Agency: CBRE - Oak Brook
Listed By: Keegan Barrett · License #475190002
Source: Crexi
Added: Aug 21 Changed: Aug 31 Last Checked: Aug 31 at 9:43AM

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.

Built in 1979, this shopping center contains 83,827 SF of rentable area and is fully leased. The property is zoned COR (Mixed Use District) and features a tenant roster centered on experiential and entertainment uses, including Sky Zone, Slick City Action Park, and Time Mission. More than 50,000 SF reached stabilization during the past 2 years, with occupancy reaching 100%. The center also carries a WALT of 9.45 years.

The property is directly adjacent to Orland Square Mall in Orland Park, Illinois, placing it within a retail corridor comprising more than 2 million square feet. Orland Square Mall reports over 6 million annual visits, while average household income exceeds $131,000 within a 3 mile radius. The property address is 66 Orland Square Drive, Orland Park, IL 60462.

Key Highlights

  • 83,827 SF of rentable area with 100% occupancy
  • More than 50,000 SF brought to stabilization during the past 2 years
  • WALT of 9.45 years

Property Analytics

Current Use

Gizmos Fun Factory Arcade & Gaming Center Sky Zone Trampoline ... Arcade & Gaming Center UFC GYM Orland ... Gym & Fitness Center

Suggested Use

Top Pick Daycare Center Auto Parts Store Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,397
Businesses Nearby
283k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 99% Shops & Services 1%
Macy's Apparel
152,941 visits/mo 0.5 miles
JCPenney Apparel
64,867 visits/mo 0.4 miles
Von Maur Apparel
55,589 visits/mo 0.4 miles
Plato's Closet Apparel
7,403 visits/mo 0.2 miles
Mavis Discount Tire Shops & Services
1,503 visits/mo 0.2 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Ravinia Plaza 15150 LaGrange Rd, Orland Park, IL 60462
  • Orland Park Market Place Orland Park Place, 49 Orland Park Pl, Orland Park, IL 60462
  • Regent Plaza 9145 W 151st St, Orland Park, IL 60462
  • Park Pointe Plaza Shopping Center 14934 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 - Fully occupied center with experiential and entertainment-oriented tenants.
Where is this shopping center located?
The property is located at 66 Orland Square Drive Orland Park, IL.
What is the asking price?
The asking price for this property is $12,200,000.
What are key features of this property?
This property features: 83,827 SF of rentable area with 100% occupancy; More than 50,000 SF brought to stabilization during the past 2 years; WALT of 9.45 years
More about this property
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