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    15845 Harlem Ave Orland Park, IL 60462

    • Retail space
    • 1.06 lot acres
    For Lease
    View listing
    $29 SF/Yr
    Value Estimation
    $1,735,000
    Last Sale
    Jun 21, 2021
    $1,700,000
    Location Intelligence
    Property ID
    US28-5824913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ROSES&KEBAB / Mediterranean Restaurant
    • uBreakiFix - Phone and Computer Repair / Phone Repair Service / Screen Repair Service
    • Panera Bread / Bakery / Caterer

    Property Details for 15845 Harlem Ave

    Year built
    2003
    Lot size
    1.06 lot acres
    Property type
    Retail space
    APN
    28-18-300-005
    APU
    2818300005

    Description

    This exceptional retail opportunity presents 1,550 square feet of inline space within a larger, upscale 7,364 square foot retail center located at 15845 S Harlem Ave in Orland Park, Illinois. Built in 2003 and renovated in 2020, the property boasts a prime location on a 1.06-acre lot (46,174 square feet) with excellent visibility and accessibility. The center features a substantial 230-foot frontage along Harlem Avenue, providing significant exposure to high vehicular traffic. Convenient access is ensured by a curb cut on the south side of the property and surrounding access roads allowing entry from all directions. Ample parking is available with 70 parking spots for customers and employees. The property is zoned for general retail use and is situated within the Orland & Tinley MSA in Cook County, Illinois, zip code 60462. The entire retail center comprises one suite, with 1,550 square feet currently vacant and ready for immediate occupancy. This property offers a unique chance to establish or expand a business in a thriving retail environment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,605,000
      6.5%
      $1,600,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,840,000
      Geo Method
      $1,850,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,590,000
      Retail
      $1,825,000
      Mixed-Use
      $1,745,000
      Hospitality
      $1,615,000
      Educational
      $1,455,000
      Residential Income
      $1,380,000
      Energy
      $1,695,000
      Income-Based Land
      $1,895,000
      Food Service
      $1,820,000

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7936
    Latitude
    41.6033
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $142,317
    $74,750
    $307,780
    $382,530
    -
    $299,000
    $1,231,120
    $1,530,120

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    15845 Harlem Ave
    Orland Park, IL 60462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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