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.
The median home value in Orland Hills, IL is $327,500. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Orland Hills, IL is $327,500. Approximately 74.46% of Orland Hills homes are owned, compared to 25.54% rented, while 0% are vacant. Orland Hills real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Orland Hills real estate agent to arrange a tour today!
Orland Hills, Illinois has a population of 7,226. Orland Hills is more family-centric than the surrounding county with 38.33% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Orland Hills, Illinois is $85,855. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Orland Hills is 35.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.6 degrees. The average rainfall is approximately 38.2 inches per year, with 34.8 inches of snow per year.