Property profile

66 Orland Sq Dr Orland Park, IL 60462

OFF-MARKET
Retail space
Property ID
US28-4859878
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000 square foot retail space, ideally suited for a fitness center, is located at 66 Orland Square Drive in Orland Park, Illinois, zip code 60462. The property is a single-tenant building offering a significant opportunity for a gym operator. The building's size provides ample room for a full range of fitness equipment and amenities. The property benefits from a high-traffic location, with 17,000 vehicles passing daily on 151st Street, ensuring excellent visibility and accessibility for potential clients. The asking rent is $12 per square foot, triple net (NNN). This means the tenant is responsible for property taxes, insurance, and maintenance, providing predictable operating costs. The property's address is 66 Orland Square Drive, Orland Park, IL 60462. Its geographic coordinates are latitude 41.6185499 and longitude -87.8423118. This presents a rare opportunity to establish a thriving fitness business in a vibrant and well-populated area. The property type is retail, specifically categorized as a gym. The tenancy is single, offering exclusive use of the entire building. This turnkey solution allows for immediate occupancy and the potential for rapid business growth.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 27-10-400-043
UPID US28-4859878

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center Family Recreation Center
  • Arcade & Gaming Center Family Recreation Center
  • Gym & Fitness Center

Location

66 Orland Sq Dr Orland Park, IL 60462-3207
Orland Park metro Census 824115 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.18M

Owner & transaction history

since 2024
Last sale
$7.6M
7 recorded transactions
2024
Price N/A
2023
$5.5M
2017
Price N/A
2015
Price N/A
2015
Price N/A
2014
$3.4M
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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