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    & 108th 159Th St Orland Park, IL 60467

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    For Sale
    Contact for pricing

    Prime Commercial Land, Excellent Location, BIZ Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 6-acre (266,152 square foot) commercial land parcel, identified by APN 27-17-408-006-0000, presents a unique investment opportunity in Orland Park, Illinois. Situated at the northeast corner of 159th Street and 108th, this property benefits from a BIZ zoning designation, allowing for a wide range of commercial development possibilities. The site boasts convenient access to utilities, with off-site detention services already in place. Recent road improvements on West 159th Street enhance accessibility and visibility. Strategically located within Orland Park's "Car Dealer Row" on 159th Street, this parcel enjoys high traffic volume and proximity to the significant 1.2 million square foot Orland Square Mall trade area, ensuring a substantial customer base. Further enhancing its appeal, the property is bordered by Park Station Boulevard, providing direct access to the Orland Park Metra Station, which sees a remarkable 161,200 weekday riderships. This prime location offers unparalleled exposure and connectivity, making it an ideal site for a variety of commercial ventures. The property's size and strategic location within a thriving commercial corridor make it a highly attractive investment opportunity.

    Property Features for & 108th 159Th St

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre (266,152 SF) commercial land parcel available.
    • APN: 27‑17‑408‑006‑0000.
    • BIZ zoning.
    • Utilities available; off‑site detention.
    • Recently improved West 159th Street access.
    • Located on Orland Park's "Car Dealer Row" on 159th Street.
    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
    -87.881718
    Latitude
    41.6008406

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Excellent Location, BIZ Zoning
    Where is this land located?
    The property is located at & 108th 159Th St Orland Park, IL.
    What are key features of this property?
    This property features: 6-acre (266,152 SF) commercial land parcel available.; APN: 27-17-408-006-0000.; BIZ zoning.
    (630) 573-7112
    Request Owner's contact information
    & 108th 159Th St 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
    & 108th 159Th St Orland Park, IL 60467
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