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    10608 163Rd Pl Orland Park, IL 60467

    Sponsored
    For Lease
    Contact for pricing

    28,000 SF Flex Building - Available Now

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 28,000-square-foot flex building in Cook County presents a unique investment opportunity. The property, situated on 3.22 acres, is currently entirely vacant and available for sale or lease. The building features a flexible layout ideal for a variety of uses, particularly those requiring specialized space. Originally built as a test kitchen, the property boasts two commercial kitchens, complete with Ansul hood systems. The building also includes a development laboratory, training rooms, and food panel test rooms, offering significant potential for businesses in the food science, research, or culinary industries. The two-story structure offers approximately 17,000 square feet on the first floor and 11,000 square feet on the second floor, providing ample space for expansion or multiple tenants. The property's size and versatile design make it suitable for a wide range of businesses seeking a functional and well-equipped space. The significant vacant square footage allows for complete customization to meet specific operational needs. This is a rare opportunity to acquire a substantial flex space in a desirable Cook County location. The property's unique history and existing infrastructure offer a significant advantage for businesses seeking a ready-to-use facility. Contact us today to learn more about this exceptional property and explore the possibilities.

    Property Features for 10608 163Rd Pl

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    17,000 SF
    Space
    2nd Floor
    Size
    11,000 SF

    HighLights

    • Special Purpose Flex/Lab Building totaling 28,000 square feet.
    • Fully vacant, offering 28,000 square feet for lease or sale.
    • Features two spaces available, approximately 11,000 and 17,000 square feet.
    • Situated on a 3.22‑acre lot in Cook County.
    • Previously configured as a test kitchen with two commercial kitchens, Ansul hood systems, lab space, and training rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stericycle RMS Medical Center Brisan Group Food And Beverage Consultant Consumer Product Dynamics Market Researcher Product Dynamics, a Division ... Health

    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
    -87.8772793
    Latitude
    41.5931317

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    FAQs

    What type of property is this?
    Flex space - 28,000 SF Flex Building - Available Now
    Where is this flex space located?
    The property is located at 10608 163Rd Pl Orland Park, IL.
    What are key features of this property?
    This property features: Special Purpose Flex/Lab Building totaling 28,000 square feet.; Fully vacant, offering 28,000 square feet for lease or sale.; Features two spaces available, approximately 11,000 and 17,000 square feet.
    Request Owner's contact information
    10608 163Rd Pl Orland Park, IL 60467
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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
    10608 163Rd Pl Orland Park, IL 60467
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