Property profile

9875 143rd St Orland Park, IL 60462

OFF-MARKET
Residential income homes
Property ID
US28-0487184
4,466 SF 0.1 ac lot Built 1925
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,466 SF
Lot 0.1 ac (4,371 SF)
APN 27-09-202-002
UPID US28-0487184

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
  • Restaurant

Location

9875 143rd St Orland Park, IL 60462-2005
Orland Park metro Census 824116 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
$890k
Comparable Approach Comparable
$554k
Blend (final) Blend
$835k

Owner & transaction history

since 2023
Last sale
$750,000
7 recorded transactions
2023
$750,000
2010
$395,000
2009
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $980,000 +37.5%
Commercial (general) $875,000 +23.0%

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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