8801 W 143rd St

8801 W 143rd St Orland Park, IL 60462

8801 W 143rd St, Orland Park, IL, 60462
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FOR SALE
Property Type:
Other Hospitality
Amount:
Please Call Broker for Price

Last Verified:
Dec 12, 2024

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Highlights

  • 76,970 sf fully built out health club with:
  • Indoor and outdoor pools, basketball courts, tennis/racquetball courts, .25 mile track, locker rooms and workout areas
  • Daytime population of over 145,000 people within 5 miles
  • Over 161,000 people within 5 miles
  • Strong Shopping Regional Corridor on La Grange Road
  • Located at full I-294 Interchange
  • Area Household Income of $137K+ within 3 miles
  • Traffic Counts of 21,000 on frontage road
  • Multiple access points

Description

FOR LEASE or SALE - 76,970 sf former health club space located in Orland Park is now available. The former health club is located on 143rd St just East of South La Grange Road and Downtown area. It is centrally located in one of Chicagoland's most substantial trade areas in the South and Southwestern suburbs. Traffic counts are very strong with almost 21,000 VPD on 143rd St. Affluent population base ($137,973 Avg HH Income in 3 miles) and strong population density (161,000+ people in 5 miles). Area retailers on South Lagrange Road see over 43,000 VPD and include; Mariano's, Starbucks, PF Changs, CVS, Walgreens, and big box retailers at Orland Square Mall.



Orland Park is a suburb of Chicago with a population of 58,622. Orland Park is in Cook County and is one of the best places to live in Illinois. Living in Orland Park offers residents a sparse suburban feel and most residents own their homes. In Orland Park, there are a lot of restaurants, coffee shops, and parks. Many retirees live in Orland Park. The public schools in Orland Park are highly rated.


Year Built: 1991
Building Size: 76970sq ft
Lot Size: 8.63 acres


Documents

Orland Park 8801 W 143rd St Brochure.pdf
Brochure

Map of 8801 W 143rd St, Orland Park, IL, 60462

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.