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Property profile & analytics
OFF-MARKET
Banks

15959 108th Ave Orland Park, IL 60467-5301

1.45 ac lot Built 1991
Individually Owned 15-yr Hold Free & Clear
Property ID
US28-0301132
Property summary
AI-generated overview

This exceptional 10,892-square-foot Class A office building, situated on a 1.45-acre lot in Orland Park, Illinois, presents a compelling investment or end-user opportunity. Built in 1994, this single-story structure boasts a prime location with high traffic counts, minutes from I-80 and major retailers. Currently vacant, the property offers significant flexibility. The building features 1,100 square feet of adaptable warehouse space with a private drive-in bay, making it suitable for a variety of uses, including retail, office, or industrial, subject to necessary village approvals. The potential for subdivision into multi-tenant units adds further investment appeal. Well-maintained mechanical systems and a backup generator ensure operational efficiency. The all-concrete parking lot minimizes maintenance costs. The property's asking price is $2,342,000, translating to $215.02 per square foot. Its permitted zoning is MFG. This well-located, versatile property offers numerous possibilities for a discerning buyer. The building is in excellent condition and benefits from a thriving community and convenient access to major transportation routes.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1991
Lot 1.45 ac (63,162 SF)
APN 27-20-204-008
UPID US28-0301132
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
  • Marquette Retail Lending Center Bank Loan Service
  • Community Life Reformed Church Church
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Marquette Bk · 15 yrs held
Marquette Bk
since 2011
3 recorded transactions
2011
$1.7M
2004
$1.8M
2001
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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