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14301 S LaGrange Rd
Orland Park, IL 60462

The Gateway Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,500 SF
Building Class
B
Year Built
2018
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.32 AC
Parking
74 Spaces (7.05 Spaces per 1,000 SF Leased)
Frontage
185 FT on W 143rd St

AMENITIES

  • Signage
  • Signalized Intersection

ABOUT 14301 S LAGRANGE RD , ORLAND PARK, IL 60462

“INTERNET-PROOF” TENANT LINE-UP – The Gateway Center is a 10,500-square-foot outlot building 100% leased to strong national tenants including Visionworks (corporate), McAlister’s (personal guaranty), and City Barbeque (corporate). All three tenants recently signed 10-year leases with rent bumps AFFLUENT DENSE DEMOGRAPHICS – The area within a 3-mile radius contains a population of over 61,000 and an average household income of $107,000, while a 5-mile radius has a population of 162,000 and an average household income of $101,000. STRONG TRAFFIC COUNTS & VISIBILITY – Ideally positioned at the southeast corner of 143rd Street (21,100 VPD) and LaGrange Road (42,300 VPD), The Gateway Center benefits from exceptional combined daily traffic counts and excellent site lines. GROWING TRADE AREA – The subject offering is prominently situated amongst significant new development at the intersection of 143rd Street and LaGrange Road including Main Street Triangle, an 80,000-square-foot mixed-use entertainment development, nearly 600 new residential units, The University of Chicago Medical Center, recently-opened Mariano’s, and more. NEW GROUND-UP CONSTRUCTION – The Subject Offering is a new construction outlot building which will feature aesthetically appealing architecture and will also limit any near-term capital expenditures. Also features brand new long-term leases with accretion.

PROPERTY TAXES

  • Listing ID: 9722795

  • Date on Market: 10/24/2017

  • Last Updated:

  • Address: 14301 S LaGrange Rd, Orland Park, IL 60462