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16153 S La Grange Rd
Orland Park, IL 60467

Houlihan's Restaurant & Bar I Ground Lease · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,800 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.79 AC
Zoning
Commercial
Parking
69 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
74 FT on S La Grange Rd

About 16153 S La Grange Rd , Orland Park, IL 60467

Marcus & Millichap is pleased to present an 8,000 square-foot freestanding Houlihan’s Restaurant & Bar located along the 4-lane highway of South La Grange Road / IL Route 45, a major north-south thoroughfare in Orland Park, Illinois. Currently, there are approximately 5 years remaining on Houlihan’s original 15 year ground lease with zero landlord responsibilities. In addition to the 5 years remaining, Houlihan’s has three, fiveyear options to extend with 10 percent rental increases in each option period. The village of Orland Park is located in southwest Cook County, Illinois and is located approximately 25 miles southwest of Chicago’s Downtown Loop. Orland Park is conveniently located to several interstate highways including Interstates 55 and 80. The offering is surrounded by a strong mix of national tenants including: Walmart, Costco, Lifetime Fitness, Rock Bottom Brewery, Five Below, PetSmart, Aldi Grocery, Target, Jewel Osco, Best Buy, JoAnn Fabrics, and Shoe Carnival, as well as 290,000 residents and numerous schools in the trade area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-22-102-049-0000
Land Assessment
$348,124
Improvements Assessment
$146,240
Total Assessment
$494,364
  • Listing ID: 9842986

  • Date on Market: 11/2/2017

  • Last Updated:

  • Address: 16153 S La Grange Rd, Orland Park, IL 60467

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