13211 S La Grange Rd - Bank FOR SALE


Orland Park, IL 60462
$4,880,333 USD
13211 S La Grange Rd, Orland Park, IL for Sale
$4,880,333 USD
Bank - FOR SALE
1/6
null | 4.5% Cap Rate

13211 S La Grange Rd
Orland Park, IL 60462


HIGHLIGHTS

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • JP Morgan Chase Bank is an investment grade rate company (S&P: A+)
  • Chase Bank has been operating at this location since 2007 and signed a 30-year lease which demonstrates commitment to the site
  • Triple net ground lease presents zero landlord responsibilities
  • 10% rental escalations every five years
  • Deposits at this location were $211,707,000 in 2024

OVERVIEW

EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Chase Bank property located in the Chicago MSA in Orland Park, Illinois. Chase Bank has been operating at this location since 2007 which demonstrates commitment to the site and there are 12 years remaining on the primary lease term. The triple net ground lease presents zero landlord responsibilities and features 10% rental escalations every ?ve years. Deposits at this location in 2024 were $211,707,000. JP Morgan Chase is an investment grade rated tenant with a Standard & Poor’s rating of A+. The 4,330 square foot building is strategically positioned along South La Grange Road which experiences over 37,600 vehicles per day. The property is also within proximity to 131st Street, an east-west thoroughfare with a traf?c count of 13,800 vehicles per day. Retailers in the surrounding area include ALDI, DaVita Dialysis, Jewel-Osco, Walgreens, Dunkin’, First Midwest Bank, Circle K, Buona Beef, and Francesca’s. The Chase Bank property is also adjacent to Carl Sandburg High School which hosts 2,800+ students daily and fuels additional traf?c to the area. There are 143,945 people living within ?ve miles of the property earning an average annual household income of $111,251. JPMorgan Chase & Co. is an American multinational investment bank and ?nancial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets, with total assets of $2.687 trillion. It is also the world’s most valuable bank by market capitalization. JPMorgan Chase is incorporated in Delaware.

FOR SALE DETAILS

PRICE

$4,880,333 USD

PRICE/SF

$1,127 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

23-34-302-018-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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