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    15900 94Th Ave Orland Park, IL 60462

    Sponsored
    For Sale
    $1,300,000

    Vacant Land, High Traffic, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.93-acre vacant lot presents a lucrative investment opportunity in the thriving Orland Park, Illinois market. Located at the hard corner of a lighted intersection on 94th Ave, this property boasts a strategic location with strong visibility and high traffic counts exceeding 45,000 vehicles per day (VPD). The site's previous use as a gas station and convenience store provides a solid foundation for redevelopment, catering to the significant daytime population within a one-mile radius. The property is currently vacant, offering flexibility for a variety of retail uses. Its prime location is further enhanced by the presence of major retailers in the immediate vicinity, ensuring a robust customer base. This property is zoned for retail use and presents a unique chance to capitalize on a high-demand area with excellent visibility and accessibility. The asking price for this exceptional retail investment opportunity is $1,300,000. The property is situated in Cook County, Illinois, with the precise address being 15900 94th Ave, Orland Park, IL 60462. This is a rare chance to acquire a high-traffic, strategically located parcel in a rapidly growing community.

    Property Features for 15900 94Th Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    40,511 SF

    HighLights

    • $1,300,000 asking price for this vacant retail property.
    • 0.93‑acre lot in Orland Park, IL.
    • Located at the hard corner of a lighted intersection with high traffic counts (45,000+ VPD).
    • Former gas station; suitable for convenience store or storefront development.
    • Strong retail presence and high daytime population within a one‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Light Camera ... Traffic Officer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -87.848009230281
    Latitude
    41.601365435408

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Land, High Traffic, Prime Location
    Where is this individual retail property located?
    The property is located at 15900 94Th Ave Orland Park, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for this vacant retail property.; 0.93-acre lot in Orland Park, IL.; Located at the hard corner of a lighted intersection with high traffic counts (45,000+ VPD).
    Request Owner's contact information
    15900 94Th Ave Orland Park, IL 60462
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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
    15900 94Th Ave Orland Park, IL 60462
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