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Marley Creek - Anchored Retail Strip Center 11000-11060 W 179th St 17,263 SF 100% Leased Retail Building Orland Park, IL 60467 $3,827,740 CAD ($221.73 CAD/SF) 8.47% Cap Rate

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Investment Highlights

  • 100% leased retail center generating stable cash flow with an 8.47% cap rate.
  • Excellent access to U.S. Route 45, I-80, and the Orland Park Metra Station.
  • Strong local demographics with high household incomes and steady population growth.
  • Located in Orland Park, a major retail hub within the Chicago metropolitan area.
  • Surrounded by national retailers, dining, and service amenities.
  • Ample on-site parking with 45 spaces supporting customer convenience.

Executive Summary

This fully leased retail strip center offers a compelling investment opportunity in the thriving Orland Park submarket of the Chicago metropolitan area. The property spans 17,263 square feet and is situated on approximately 1.66 acres, providing a stable income stream with an 8.47% cap rate and a reported NOI of $237,050. Featuring multiple tenants and two anchor occupants, the center benefits from consistent occupancy and diversified income sources.
Positioned along W 179th Street, the property enjoys strong visibility and convenient access to major thoroughfares, including La Grange Road (U.S. Route 45) and I-80, which connect to the broader Chicago region. The site is less than one mile from the Orland Park 179th Street Metra Station, offering commuter rail service to downtown Chicago, and is within a short drive to Chicago Midway International Airport. The surrounding area is characterized by robust demographics, with a five-mile population exceeding 145,000 and median household incomes above $100,000, supporting strong retail demand.
This asset is located in a well-established retail corridor near national brands, dining, and service providers, ensuring steady consumer traffic. With its combination of full occupancy, strong tenant mix, and strategic location, this property represents a turnkey investment in a high-demand suburban market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,263 SF
Building Class
B
Year Built
2000
Price
$3,827,740 CAD
Price Per SF
$221.73 CAD
Cap Rate
8.47%
NOI
$324,059 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.66 AC
Zoning
RSB, Orland Park
Parking
45 Spaces (4.79 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 11030
  • 1,259 SF
  • Retail
  • In-Line
  • Now

1,259 square foot retail space available for lease.

Space Size Space Use Position Available
11030 1,259 SF Retail In-Line Now

11030

Size
1,259 SF
Space Use
Retail
Position
In-Line
Available
Now

11030

Size 1,259 SF
Space Use Retail
Position In-Line
Available Now

1,259 square foot retail space available for lease.

Nearby Major Retailers

Anytime Fitness
Starbucks
Jewel-Osco
BMO
CrossFit

Property Taxes

Property Taxes

Parcel Number
27-32-101-012-0000
Land Assessment
$334,113 CAD
Improvements Assessment
$321,039 CAD
Total Assessment
$655,152 CAD
  • Listing ID: 34806899

  • Date on Market: 2025-02-12

  • Last Updated:

  • Address: 11000-11060 W 179th St, Orland Park, IL 60467

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