10608 163 Pl Orland Park, Orland Park, IL 60467
This exceptional 28,000-square-foot freestanding flex building in Orland Park, Illinois, presents a unique opportunity. Situated on a 3.22-acre lot, the steel and masonry structure offers convenient access to major transportation arteries, including I-355, I-80, and 159th Street, placing it within easy reach of Chicago Midway International Airport. The property boasts two loading docks and ample parking for approximately 200 cars. Currently configured as a former test kitchen, the building features two commercial kitchens complete with Ansol hood systems, a development laboratory, training rooms, and food panel test rooms. This adaptable space is zoned for manufacturing and light industrial uses and offers the potential for multi-tenant occupancy with separate entrances and an elevator. The building's versatile layout and prime location make it an attractive option for a variety of businesses seeking a functional and strategically located facility in the thriving Orland Park market. The property's existing infrastructure, including the well-equipped kitchens and lab space, presents significant cost savings for potential tenants. This is a rare opportunity to acquire a high-quality flex space in a desirable location with excellent access to transportation and amenities. The building's size and layout offer flexibility for a range of uses, making it an ideal investment for businesses seeking expansion or relocation.
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
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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.