New search
Property profile & analytics
FOR LEASE
Community centers
15159 S La Grange Rd, Orland Park, IL 60462
Entity Owned
~
Est. High Equity
Property ID
US28-3081531
For Lease
1 / 2
Contact for pricing
15159 S La Grange Rd, Orland Park, IL 60462
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
APN
27-15-100-058
UPID
US28-3081531
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
-
Formally Modern Tuxedo (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Jamba Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Massage Envy Alternative Medicine Practice Spa & Massage Center
-
Wu's Ramen Orland Park Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Howard Lehigh Corporation
Howard Lehigh Corporation
since 2026
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$856,737
Tax year 2022
Assessed value
$2,859,963
Assessed 2022
Previous assessed
$2,859,963
+0.0% YoY
Effective rate
29.96%
On assessed value
Assessed land
$1,536,056
Assessed improvement
$1,323,907
Land market value
$6,144,224
Improvement market value
$5,295,628
Total market value
$11,439,852
Applied tax rate
28,011.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Heating
NONE
APN
27-15-100-058
UPID
US28-3081531
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Howard Lehigh Corporation
Entity
Mailing address
814 COMMERCE DR STE #300, OAK BROOK, IL 60523-8823
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$5,800,000
Howard Lehigh Corporation
Pmat Orland LLC
Special Warranty Deed
—
Dec 8, 2025
$60,000,000
Orland Park Prime Asset LLC
Pmat Orland LLC
Special Warranty Deed
$40,000,000 · Webster Bank NA
Mar 6, 2024
$74,600,000
Pmat Orland LLC
Irc Orland Lagrange Rd Outlot LLC
Special Warranty Deed
$54,292,000 · Cibc Bank USA
Dec 28, 2018
—
Irc Orland Park Place LLC
—
Loan Modification
related
$832,242,551 · Wells Fargo Bk
Jun 24, 2016
—
Irc Orland Park Place LLC
—
Deed
related
$1,050,000,000 · Wells Fargo Bk
Sep 13, 2011
—
Inland Orland Park Place LLC
Inland Orland Park Place II Ll
Quit Claim Deed
related
$42,280,000 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
