10608 163Rd Pl Orland Park, IL 60467
- Retail space
- 3.22 lot acres
Current Use by Public Records
- Stericycle RMS / Medical Center
- Brisan Group / Food And Beverage Consultant
- Consumer Product Dynamics / Market Researcher
- Product Dynamics, a Division of RQA, Inc. / Health / Professional Services
Property Details for 10608 163Rd Pl
- Year built
- 2003
- Lot size
- 3.22 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 27-20-408-003
- APU
- 2720408003
Description
This exceptional 28,000-square-foot flex building in Cook County presents a unique investment opportunity. The property, situated on 3.22 acres, is currently entirely vacant and available for sale or lease. The building features a flexible layout ideal for a variety of uses, particularly those requiring specialized space. Originally built as a test kitchen, the property boasts two commercial kitchens, complete with Ansul hood systems. The building also includes a development laboratory, training rooms, and food panel test rooms, offering significant potential for businesses in the food science, research, or culinary industries. The two-story structure offers approximately 17,000 square feet on the first floor and 11,000 square feet on the second floor, providing ample space for expansion or multiple tenants. The property's size and versatile design make it suitable for a wide range of businesses seeking a functional and well-equipped space. The significant vacant square footage allows for complete customization to meet specific operational needs. This is a rare opportunity to acquire a substantial flex space in a desirable Cook County location. The property's unique history and existing infrastructure offer a significant advantage for businesses seeking a ready-to-use facility. Contact us today to learn more about this exceptional property and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,090,000
- 6.5%
- $1,955,000
- 7%
- $1,800,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,875,000
- Geo Method
- $1,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,225,000
- Retail
- $2,085,000
- Mixed-Use
- $2,295,000
- Hospitality
- $2,135,000
- Educational
- $1,795,000
- Residential Income
- $1,695,000
- Energy
- $1,905,000
- Income-Based Land
- $1,760,000
- Food Service
- $2,335,000
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8773
- Latitude
- 41.5933
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
