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    9801 159Th St Orland Park, IL 60467

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    For Sale
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    Prime Commercial Land Near Costco & Malls

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Orland Park, Illinois. Located at 9801 West 159th Street, this property boasts a highly desirable COR zoning designation, offering considerable flexibility for development. Its strategic location provides unparalleled access to significant retail traffic generators. The site is directly adjacent to a Costco store, ensuring high visibility and convenient access for potential businesses. An additional 6-acre parcel (under separate ownership) is available adjacent to this property, presenting the possibility of acquiring a larger contiguous land holding. Furthermore, the property enjoys close proximity to two major shopping destinations: Orland Square Regional Mall and Orland Park Place mall, guaranteeing a substantial customer base. The location also benefits from its proximity to the I-80 expressway, situated just three miles south, providing excellent accessibility for employees and customers. 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 enhancing the area's commercial appeal and demonstrating strong existing retail presence. This property represents a rare chance to secure a significant commercial land holding in a thriving retail corridor. The zoning and location make it ideal for a variety of commercial developments.

    Property Features for 9801 159Th St

    General Information

    Property type
    Land
    Lot Size
    418,176 SF

    HighLights

    • 9.6‑acre commercial land parcel in Orland Park, IL.
    • Adjacent 6‑acre parcel available separately.
    • Excellent location near Costco, Orland Square Mall, and Orland Park Place mall.
    • Three miles from I‑80 expressway.
    • Across from Lake View Plaza, anchored by national retailers.
    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
    -87.85807
    Latitude
    41.598883

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Costco & Malls
    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: 9.6-acre commercial land parcel in Orland Park, IL.; Adjacent 6-acre parcel available separately.; Excellent location near Costco, Orland Square Mall, and Orland Park Place mall.
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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 60467
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