Retail Space For Lease @ 15601 S 94th Ave

15601 S 94th Ave, Orland Park, IL 60462

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Andrew R.

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59,835 square foot multi-tenant retail center located at the corner of 156th Street & 94th Avenue in the heart of Orland Park’s commercial corridor. The center is 86.62% leased featuring tenants Savers, HobbyTown, Art & Company, & Space Golf. All in-place tenants are on net leases. The center's anchor, Savers, has leased at the center since 2012 and recently extended out through 12/1/2027. The newest Tenant, HobbyTown, has been in the market for 20+ years and recently signed a lease with term through 7/19/2026. With a net operating income (NOI) of $410,050 at a 86% occupancy rate, the center offers investors an opportunity to purchase a strong cash flowing asset in a highly sought after commercial corridor, with the ability to add value by leasing the remaining vacancy. The property includes two (2) exterior dock doors, two (2) grade-level doors, 18’ ceiling heights throughout, an on-site parking lot totaling 312 surface level spaces, and monument signage along 94th Avenue featuring visibility and exposure to over 16,000 VPD. The property shares an intersection with Lowe's Home Improvement and is surrounded by national retailers including Costco, Whole Foods, Jewel-Osco, Trader Joe’s, ALDI, Binny’s Beverage Depot, Target, Walgreen’s, CVS/Pharmacy, among many other national retailers. This space offers accomodations for: strip center.

Pricing: Negotiable

Availability: Now

Listing ID: 962115


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Type: Retail Space

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