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    50 Orland Square Dr Orland Park, IL 60462

    For Sale
    $1,800,000

    Prime Orland Square Mall Outlot - $1.8M

    Property size:
    9,572 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,572 square foot free-standing retail building presents a unique investment opportunity. Strategically located at a signalized entrance to the highly trafficked Orland Square Mall in Orland Park, Illinois, this property enjoys unparalleled visibility and accessibility. Situated directly in front of the prestigious Von Maur department store, it benefits from significant foot traffic and brand association. The building sits on a 1.45-acre lot and offers ample parking with 50 spaces. Inside, the property features a full kitchen and bathrooms conveniently located in the basement, adding versatility for a range of potential uses. An elevator further enhances accessibility and functionality. The property is zoned COR, providing flexibility for various retail businesses. This is a rare chance to acquire a well-established, high-visibility retail space in a thriving suburban market. The asking price is $1,800,000. The address is 50 Orland Square Drive, Orland Park, IL 60462, in Cook County.

    Property Features for 50 Orland Square Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,572 SF
    Lot Size
    63,162 SF

    HighLights

    • High‑visibility location at a signalized Orland Square Mall entrance.
    • Free‑standing building prominently situated in front of Von Maur department store.
    • Basement features a full kitchen and restrooms.
    • Building equipped with an elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carpet Interiors Carpet ... Flooring Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8475319
    Latitude
    41.6165692

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Orland Square Mall Outlot - $1.8M
    Where is this lifestyle center located?
    The property is located at 50 Orland Square Dr Orland Park, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: High-visibility location at a signalized Orland Square Mall entrance.; Free-standing building prominently situated in front of Von Maur department store.; Basement features a full kitchen and restrooms.
    Request Owner's contact information
    50 Orland Square Dr 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
    50 Orland Square Dr Orland Park, IL 60462
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