13211 La Grange Rd Orland Park, IL 60462
- Retail properties
- 4,330 SF
- 1.48 lot acres
Current Use by Public Records
- Chase Mortgage / Mortgage Lender
- Chase Bank / Atm / Bank
- Chase ATM / Atm / Bank
- Sonia Monarrez - Chase Home Lending Advisor - NMLS ID 512131 / Mortgage Lender
Property Details for 13211 La Grange Rd
- Year built
- 2007
- Lot size
- 1.48 lot acres
- Property size
- 4,330 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional investment opportunity presents a 4,330 square foot Chase Bank located in Orland Park, Illinois, within the Chicago MSA. The property boasts a strong 4.00% cap rate and a substantial $199,650 net operating income (NOI). Built in 2007, this single-tenant, absolute NNN ground lease features a credit-rated tenant with a remaining lease term of 12.5 years, extending to May 29, 2037. The lease includes 10% rent bumps every five years, and five 5-year renewal options are available. Situated on a 1.48-acre lot, the bank benefits from high visibility on South La Grange Road (37,600 vehicles per day) and proximity to 131st Street (13,800 vehicles per day). The location is further enhanced by its adjacency to Carl Sandburg High School (2,800+ students) and a strong retail environment including ALDI, Jewel-Osco, Walgreens, and other national brands. A robust demographic profile supports the investment, with 143,945 residents within a five-mile radius boasting an average annual household income of $111,251. The property's 2021 deposits totaled $231,201,000, demonstrating the location's financial strength. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a long-term, creditworthy tenant in a prime location. The asking price is $4,991,250, representing a price per square foot of $1,152.71.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8255
- Latitude
- 41.6306
