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    15854 La Grange Rd Orland Park, IL 60462

    Sponsored
    For Lease
    Contact for pricing

    Orland Park Power Center - Spaces Available

    Lot size:
    360,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lake View Plaza, a prominent power center in Orland Park, Illinois, offers exceptional retail leasing opportunities. Located at 15854 South La Grange Road (cross street 159th), this Cook County property boasts a total of 360,000 square feet of retail space. Currently, there are 9 spaces available, ranging from a minimum of 775 square feet to a maximum contiguous space of 6,950 square feet. A significant 25,208 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. The property's prime location in Orland Park, with easy access via South La Grange Road, ensures high visibility and strong foot traffic. This multiple-tenancy retail center provides a diverse and thriving commercial environment, ideal for businesses seeking a well-established and successful location. The property's size and layout offer flexibility for a variety of retail concepts, from smaller boutiques to larger flagship stores. The available space presents a compelling opportunity for businesses looking to establish or expand their presence in a high-demand market within Cook County, Illinois, zip code 60462. Interested parties are encouraged to inquire about available spaces and leasing terms.

    Property Features for 15854 La Grange Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    360,000 SF

    Unit(s) available at that property

    Space
    Unit C01
    Size
    2,500 SF
    Space
    C07
    Size
    6,945 SF
    Space
    Unit A03A
    Size
    2,990 SF
    Space
    Unit B07B
    Size
    6,950 SF
    Space
    Unit C02A
    Size
    5,000 SF
    Space
    Unit C04
    Size
    775 SF
    Space
    Unit D03
    Size
    1,600 SF
    Space
    Unit D11A
    Size
    2,786 SF
    Space
    Unit D13C
    Size
    2,625 SF

    HighLights

    • 9‑anchor tenant power center totaling 360,000 square feet.
    • Super‑regional retail location exceeding 5 million square feet, situated adjacent to Costco and Target.
    • High‑traffic location boasting 2.3 million annual visits and 77,500 vehicles per day.
    • Convenient access via LaGrange Road and 159th Street, with traffic signals at both intersections.
    • Excellent demographics within a 5‑mile radius, featuring a $92,000 median household income and a population of 168,000.
    • Virtual tours available for Spaces C01, D13C, D03, B07B, and C04.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lake View Plaza Shopping Mall Best Buy Electronics Store KeyExpress Locksmiths Key Duplication Service Geek Squad Computer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -87.8566564
    Latitude
    41.6021343

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    FAQs

    What type of property is this?
    Power center - Orland Park Power Center - Spaces Available
    Where is this power center located?
    The property is located at 15854 La Grange Rd Orland Park, IL.
    What are key features of this property?
    This property features: 9-anchor tenant power center totaling 360,000 square feet.; Super-regional retail location exceeding 5 million square feet, situated adjacent to Costco and Target.; High-traffic location boasting 2.3 million annual visits and 77,500 vehicles per day.
    Request Owner's contact information
    15854 La Grange Rd 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
    15854 La Grange Rd Orland Park, IL 60462
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