2 Orland Square Dr - Retail FOR SALE


Orland Park, IL 60462
$7,500,000 USD
708-671-6731
2 Orland Square Dr, Orland Park, IL for Sale
$7,500,000 USD
Retail - FOR SALE
1/26
null | Request Cap Rate

NEW


2 Orland Square Dr
Orland Park, IL 60462


HIGHLIGHTS

  • 2 Orland Square is a two-story, 202,788-square-foot former department store turned creative studios that is ready for redevelopment.
  • Situated on over 16 acres along the heavily traversed and highly visible Highway 45 with exposure to over 47,500 daily drivers.
  • Orland Square is the city’s largest indoor mall, offering a robust collection of name brands, various services, and several restaurants.
  • New Paved Lot
  • New HVAC

OVERVIEW

For Sale or lease is a REDEVELOPMENT OPPORTUNITY: As currently configured, this opportunity offers an unparalleled opportunity for an owner/user to acquire over 16 acres which can accommodate multiple redevelopment opportunities. EXCELLENT SALES PERFORMANCE: The Property is located as an anchor space in Orland Square Mall, a super-regional mall that is one of the best performing malls in the State of Illinois and serves as a major retail destination for the entire Chicago Southland Suburban Region. SUPER REGIONAL LOCATION: The site is located in the heart of the dense Orland Park trade area, which is recognized as one of the most highly trafficked, well established and sought-after retail trade areas in the Chicago MSA. The 11 million square foot retail corridor is ranked fifth in the Chicago suburbs with more than $1.95 billion in sales annually (2020)

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Formers Sears Department Store

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

804

LAND DETAILS

LAND ACRES

16.29 AC

LAND SF

709,592 SF

ZONING

Retail

APN/PARCEL ID

27-10-301-008-0000

ASK ABOUT THIS PROPERTY

Christine WeiCubeworkMore Info
708-671-6731

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Christine WeiCubeworkMore Info
708-671-6731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.