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16197 94th Avenue, Orland Hills, IL 60487
$1,500,000
16197 94th Avenue, Orland Hills, IL 60487View this property at 16197 94th Avenue, Orland Hills, IL 60487
16197 94th AvenueOrland HillsIL60487
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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
- Price: $1,500,000
- Taxes: $97,000 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12041842
- Updated: 5/5/2024
- Added to Site: 17 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Dry)
Parking
- Parking Features: 31 to 50 Spaces
Location
- Area: Orland Hills
- County: Cook
- Township: Orland
- 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
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Schools
Schools serving 16197 94th Ave
School Districts:Orland School District 135, Cons High School District 230
Rating | Name | Grades | Distance |
---|---|---|---|
Center School
9407 W 151st St, Orland Park, IL 60462 | PK-2 | 1.3 mi | |
10959 W 159th St, Orland Park, IL 60467 | 3-5 | 2 mi | |
10801 W 159th St, Orland Park, IL 60467 | 6-8 | 1.9 mi | |
13300 S La Grange Rd, Orland Park, IL 60462 | 9-12 | 3.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes 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
4/29/2024
Listed
$1,500,000
15.38%
MLS
9/02/2022
Sold
$1,300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 16197 94th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$97,989
6%
$324,321
—
2021
$92,700
44%
$324,321
37%
2020
$64,504
-2%
$236,259
-7%
2018
$65,660
-4%
$254,674
—
2019
$68,277
-4%
$254,674
-11%
2017
$70,871
-18%
$285,284
-14%
2016
$86,832
76%
$331,189
75%
2015
$49,200
-42%
$189,686
-43%
2014
$84,476
35%
$330,597
27%
2013
$62,660
48%
$260,088
48%
2012
$42,379
—
$176,051
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16197 94th Ave
16197 94th Avenue, Orland Hills, IL 60487 (MLS# 12041842) is a Commercial property. 16197 94th Avenue is currently listed for $1,500,000 and was received on April 29, 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.