Orland Park Commercial Redevelopment
For Sale
$649,000
7225 W 151st Street, Orland Park, IL 60462
COMMERCIAL - Orland Park, IL
Property Size4,500 SF
Lot Size0.85 Acres
Price / SF$144.22
Days on Market298
Property Features for 7225 W 151st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Harlem Ave. to 151st St Between Harlem Ave. and on 151st and 80th Ave.
Subdivision
Orland Park
Standard status
Active
APN
27132050050000
Size
4,500 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2023
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Oct 6, 2025
Changed: May 13
Last Checked: Jul 30 at 7:06PM
MLS# 12489069
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Orland Park, IL, currently a closed self-service car wash, features 10 bays and presents multiple possibilities for vehicle-related facilities, such as a car wash, repair shop, antique car storage, or oil change service. Alternatively, the approximately 37,000-square-foot site could be redeveloped into a shopping center or a mixed-use building. Located in a residential neighborhood, the property is also conveniently close to a commercial corridor. There is a possibility of adding an adjacent 16,000 sq. ft. of vacant land on the west side of the subject giving buyer more than 52,000 Sq. ft. corner building with about 4,500 Sq. ft. of building. The property is zoned COMMR and sits on a lot of approximately 0.8477 acres.
Key Highlights
- Redevelopment potential for shopping center or mixed‑use building.
- Large lot size: Approximately 37,000 sq. ft. with potential to expand to over 52,000 sq. ft.
- Existing 10‑bay self‑service car wash facility.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $6.48 |
| − Vacancy | −$1.5k | −$0.33 |
| EGI | $27.7k | $6.15 |
| − OpEx | −$8.3k | −$1.84 |
| NOI | $19.4k | $4.30 |
4,500 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.6K – $1.26M
NOI $75,330 @ 7.0% cap · market cap 11.61%
Second Best
Retail
$892.3K
$780.8K – $1.04M
NOI $62,461 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,755 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,093 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Closed car wash suitable for redevelopment in Orland Park, IL.
Where is this self service car wash located?
The property is located at 7225 W 151st Street Orland Park, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Redevelopment potential for shopping center or mixed‑use building.; Large lot size: Approximately 37,000 sq. ft. with potential to expand to over 52,000 sq. ft.; Existing 10‑bay self‑service car wash facility.
