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    159Th St Orland Park, IL 60462

    Sponsored
    For Sale
    $1,400,000

    2.36-Acre Outlot Near Target

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.36-acre commercial land parcel presents a prime investment opportunity in Orland Park, Illinois. Located at the northwest quadrant of the intersection of 94th Avenue and 159th Street, this outlot is part of a thriving shopping center anchored by Target and Buy Buy Baby. The property boasts excellent ingress and egress with multiple access points, two of which are signalized, ensuring high visibility and convenient access for potential businesses. The asking price is $1,400,000. This site benefits from a strong surrounding retail environment, including major national retailers such as Walmart, Sports Authority, Lowe's, Marshalls, Kohl's, Bed Bath & Beyond, Barnes & Noble, and Office Depot. Its proximity to the 1.21 million-square-foot Orland Park Mall, anchored by Carson Pirie Scott, JCPenney, Macy's, and Sears, further enhances its desirability. The area also enjoys a robust residential base, providing a substantial customer pool for any development on this site. The property's size and location make it ideal for a variety of retail developments, capitalizing on the high traffic volume and established commercial presence. This is a rare opportunity to acquire a strategically positioned land parcel in a high-demand retail corridor. The Cook County location and 60462 zip code offer further advantages for investors.

    Property Features for 0 159Th St

    General Information

    Property type
    Land
    Lot Size
    102,802 SF

    HighLights

    • ±2.36‑acre outlot adjacent to Target.
    • Excellent ingress/egress with multiple access points, two signalized.
    • Asking price: $1,400,000.
    • Located at the northwest corner of 94th Avenue and 159th Street, Orland Park, IL.
    • Part of a shopping center anchored by Target and Buy Buy Baby.
    • Strong surrounding retail including Walmart, Lowe's, Kohl's, and proximity to the 1.21M SF Orland Park Mall; significant residential population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8255007
    Latitude
    41.6305694

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    FAQs

    What type of property is this?
    Land - 2.36-Acre Outlot Near Target
    Where is this land located?
    The property is located at 159Th St Orland Park, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: ±2.36-acre outlot adjacent to Target.; Excellent ingress/egress with multiple access points, two signalized.; Asking price: $1,400,000.
    Request Owner's contact information
    159Th St 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
    159Th St Orland Park, IL 60462
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