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$1,250,000
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Property Description
Commercial opportunity in high traffic area close to 159th & 94th Ave in Orland Hills. Built in 2006 this 13,200 sq ft plaza sits on 45,000 sq ft lot and offers 40 parking spots. Some of the tenants include grocery mart, fast food, barber, cleaners, bakery & smoke shop. One vacant 1400 sq ft unit for lease with multiple inquiries. When this unit is leased we will be at a 7.5% cap rate. Leases are currently gross so potential to increase NOI.
Full Property Details
Full Property Details for 16197 94th Ave
General
- Sold For: $1,250,000
- Taxes: $97,000 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12041842
- Added to Site: 705 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Dry)
Parking
- Parking Features: 31 to 50 Spaces
Location
- Area: Orland Hills
- County: Cook
- Driving Directions: 159th St to 94th Ave and South to plaza
- Location Details: Out Lot of Shopping Center, Public Transport Avail, High Traffic Area
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 1
- Square Feet: 13,200
- Year Built: 2006
Unit Information
- # Tenants: 7
Lot Features
- Lot Size (Sq. Ft.): 45,000
- Lot Dimensions: 215 x 218
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Sprinklers-Dry
- Assessment Year: 2006
- Tax Amount: $97,000
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Repairs, Scavenger, Sewer
Disclosures and Reports
- Property ID: 27221030080000
Listed by Keller Williams Preferred Rlty
Sold by Compass
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Schools
Schools serving 16197 94th Ave
School Districts:Orland School District 135, Consolidated High School District 230
| Name | Grades | Distance |
|---|---|---|
Orland Center School 9407 151st Street, Orland Park, IL 60462 | K-2 | 1.3 mi |
Meadow Ridge School 10959 West 159th Street, Orland Park, IL 60467 | 3-5 | 2 mi |
Century Junior High School 10801 West 159th Street, Orland Park, IL 60467 | 6-8 | 1.9 mi |
Carl Sandburg High School 13300 LaGrange Road, Orland Park, IL 60462 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16197 94th Ave
Date
Details
Price
Change
Source
9/30/2024
Sold
$1,250,000
-10.71%
MLS
7/10/2024
Price Reduced
$1,400,000
-6.67%
MLS
4/29/2024
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
16197 94th Avenue, Orland Hills, IL 60487 (MLS# 12041842) is a Commercial property that was sold at $1,250,000 on September 30, 2024. Want to learn more about 16197 94th Avenue? Do you have questions about finding other Commercial real estate for sale in Orland Hills? You can browse all Orland Hills real estate or contact a Coldwell Banker agent to request more information.

