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Property profile & analytics
OFF-MARKET
Neighborhood centers

79-207 Joe Orr Rd Chicago Heights, IL 60411

137,715 SF Built 1958
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Neighborhood centers
Year built 1958
Total area 137,715 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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