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    9801 159Th St Orland Park, IL 60462

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    For Sale
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    Prime Orland Park commercial land, near major retailers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in the thriving Orland Park, Illinois market. Located at 9801 W. 159th St., this property is zoned COR and boasts an enviable location adjacent to a Costco store. Its strategic position offers unparalleled access to a high volume of consumers, placing it in close proximity to two significant regional shopping destinations: Orland Square Regional Mall and Orland Park Place Mall. This prime location ensures high visibility and significant foot traffic, making it ideal for a wide range of commercial developments. Furthermore, the property's convenience is amplified by its proximity to the I-80 Expressway, located just three miles south, providing easy access to major transportation routes. Across the street, Lake View Plaza offers a diverse range of established businesses including Best Buy, Value City Furniture, Alta Cosmetics, Linens & Things, Golf Galaxy, Petco, and Joann Fabrics, further solidifying the area's strong retail presence and demonstrating the high demand for commercial space in this location. The 9.6-acre lot size provides ample space for a variety of development projects, catering to the needs of both large and small businesses. This property represents a rare chance to acquire a significant commercial land parcel in a high-traffic, high-growth area of Orland Park, Cook County, Illinois, zip code 60462.

    Property Features for 9801 159Th St

    General Information

    Property type
    Land
    Lot Size
    418,176 SF

    HighLights

    • High‑traffic location adjacent to Costco.
    • Excellent retail proximity to Orland Square and Orland Park Place malls.
    • Convenient access to I‑80 Expressway (3 miles south).
    • Across from Lake View Plaza, anchored by national retailers including Best Buy, Value City Furniture, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8255007
    Latitude
    41.6305694

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    FAQs

    What type of property is this?
    Land - Prime Orland Park commercial land, near major retailers.
    Where is this land located?
    The property is located at 9801 159Th St Orland Park, IL.
    What are key features of this property?
    This property features: High-traffic location adjacent to Costco.; Excellent retail proximity to Orland Square and Orland Park Place malls.; Convenient access to I-80 Expressway (3 miles south).
    Request Owner's contact information
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    Orland Park, IL 60462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9801 159Th St Orland Park, IL 60462
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