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    Property profile & analytics
    FOR LEASE
    Retail space

    10608 163Rd Pl, Orland Park, IL 60467

    3.22 ac lot Built 2003
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-0964646
    10608 163Rd Pl, Orland Park, IL 60467 For Lease
    $1,995,000 45,000 SF available
    10608 163Rd Pl, Orland Park, IL 60467
    View Listing →
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 2003
    Lot 3.22 ac (140,263 SF)
    APN 27-20-408-003
    UPID US28-0964646
    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
    Current use
    Occupant on record · Public records
    • Stericycle RMS Medical Clinic
    • Brisan Group Food And Beverage Consultant
    • Consumer Product Dynamics Advertising Agency
    • Product Dynamics, a Division of RQA, Inc. Health Professional Services
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.03M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.00M
    Owner & transaction history
    211 Dixie Highway LLC · 3 yrs held
    211 Dixie Highway LLC
    since 2023
    Last sale
    $1.9M
    7 recorded transactions
    2023
    $1.9M
    2017
    2009
    2005
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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