79-207 Joe Orr Rd Chicago Heights, IL 60411
Olympia Plaza, located at 79-207 W Joe Orr Rd in Chicago Heights, IL, offers 137,715 square feet of retail space in a Class B strip center. Built in 1958, this Cook County property sits on 3.7 to 5.9 acres and boasts over 600 parking spaces. Currently, 21,766 square feet are vacant, with spaces ranging from a minimum of 900 square feet to a maximum contiguous space of 7,280 square feet. The center enjoys high visibility, with an estimated 40,000 cars passing daily. Its strategic location near 16 schools and Prairie State College, coupled with numerous nearby industrial and manufacturing facilities, ensures a strong customer base. Existing tenants include a long-standing grocery store, along with national brands such as Little Caesar's, Subway, Family Dollar, Davita's Dialysis, Rainbow Clothing, and DTLR, creating a diverse and thriving retail environment. This multiple-tenancy property presents a unique opportunity for businesses seeking a well-established location within a busy commercial center. The property is professionally managed.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.