9875 143rd St Orland Park, IL 60462-2005
- Residential income homes
- 4,466 SF
- 0.10 lot acres
Current Use by Public Records
- The Irish Patriot / Restaurant / Bar
Property Details for 9875 143rd St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.10 lot acres
- Property size
- 4,466 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 27-09-202-002
- APU
- 2709202002
Description
This exceptional mixed-use property in Orland Park, IL, presents a lucrative investment opportunity. The 4,371 square foot building, constructed in 2012, houses a thriving Irish-themed restaurant and bar with seating for 100 (70 inside, 30 patio). The restaurant boasts recently approved gaming licenses for five video poker machines, adding a significant revenue stream. Above the main level are three residential apartments, generating additional income. The property includes three parking spaces and benefits from recent renovations, including a new roof and updated mechanical systems and finishes. Located at 9875 W 143rd St, Orland Park, IL 60462, this well-maintained establishment is a neighborhood favorite, drawing customers from throughout the Chicagoland area. The building is situated in a high-income area with a strong population density and boasts a prime location within a thriving commercial district. The asking price is $1,350,000. Rent bumps are included in the sale. This turnkey operation offers a unique blend of established business and rental income potential, making it an ideal owner-user investment. The property's strong reputation and consistent performance make it a compelling opportunity for a discerning buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $835,000
- 6.5%
- $740,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $745,000
- Geo Method
- $695,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $685,000
- Mixed-Use
- $590,000
- Hospitality
- $740,000
- Educational
- $705,000
- Residential Income
- $690,000
- Energy
- $685,000
- Income-Based Land
- $655,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8607
- Latitude
- 41.6301
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA