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15711 S Harlem Ave, Orland ...

Updated Dec 21, 2023

Brewster Hague Brokers $1.275M Sale Of Retail Property In Orland Park, IL
SOLDRetail

Brewster Hague Brokers $1.275M Sale Of Retail Property In Orland Park, IL

15711 S Harlem Ave, Orland Park, IL 60462, USA

$1,275,000

$274/SF

Building Size

4,648 SF

Asset Type

Retail

Closing

Nov 15, 2022

About this deal

AI

A retail property located at 15711 S Harlem Ave in Orland Park, IL has been sold for $1,275,000. The property spans a total of 4,648 square feet, resulting in a price per square foot of $274. It was previously occupied by Baker's Square and is situated on a 38,000 square foot parcel of land.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,275,000
  • Square Footage: 4,648
  • Price Per Square Foot: $274
  • Address: 15711 S Harlem Ave, Orland Park, IL
  • Market: Orland Park, IL

The sale was brokered by Brewster Hague from Greenstone Partners.

NOTE: The property, with its spacious 4,650 square feet, offers ample room for retail operations. Its location on a 38,000 square foot lot provides additional potential for expansion or redevelopment.

Players

Orland Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $274 per square foot on a published $1.3M for 4,648 square feet (2022).

Browse Orland Park retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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