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8801 W 143rd St 67,733 SF Sports & Entertainment Building Offered at $10,552,500 CAD at a 6% Cap Rate in Orland Park, IL 60462
Investment Highlights
- 76,970 sf fully built out health club.
- Daytime population of over 145,000 people within 5 miles.
- Strong Shopping Regional Corridor on La Grange Road.
- Indoor and outdoor pools, basketball courts, tennis/racquetball courts, .25 mile track, locker rooms and workout areas.
- Over 161,000 people within 5 miles.
- Includes two tenants with 5+ years remaining
Executive Summary
76,970sf former health club space located in Orland Park is now available. The property is located on 143rd St. just East of South La Grange Road and Downtown Orland Park. It is centrally located in one of Chicagoland's most substantial trade areas. The location boasts large traffic counts (over 21,000 VPD on 143rd St), affluent population base ($137,973 Avg HH Income in 3 miles), and strong population density (161,000+ people in 5 miles). Area retailers on South Lagrange Road see over 43,000 VPD and include; Mariano's, Starbucks, PF Changs, CVS,
Walgreens, and big box retailers at Orland Square Mall.
Walgreens, and big box retailers at Orland Square Mall.
Property Facts Under Contract
| Price | $10,552,500 CAD | Lot Size | 8.09 AC |
| Price Per SF | $155.79 CAD | Building Size | 67,734 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 1991 |
| Property Type | Sports & Entertainment | Parking Ratio | 1.88/1,000 SF |
| Building Class | C | ||
| Zoning | B1 - General Business District | ||
| Price | $10,552,500 CAD |
| Price Per SF | $155.79 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Sports & Entertainment |
| Building Class | C |
| Lot Size | 8.09 AC |
| Building Size | 67,734 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | B1 - General Business District |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-10-201-023-0000 | Improvements Assessment | $924,589 CAD |
| Land Assessment | $811,265 CAD | Total Assessment | $1,735,854 CAD |
Property Taxes
Parcel Number
27-10-201-023-0000
Land Assessment
$811,265 CAD
Improvements Assessment
$924,589 CAD
Total Assessment
$1,735,854 CAD
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8801 W 143rd St
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