Outlot to Target Development — Sale in Orland Park, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Orland Park, IL 60462
Photos
Description
±2.36 ACRE OUTLOT TO TARGET DEVELOPMENT Site has good ingress/egress with multiple access points (two of which are signalized) Asking Price: $1,400,000 Located at the northwest quadrant of the intersection of 94th Avenue and 159th Street in Orland Park Parcel is part of the Target/buybuyBaby shopping center Area tenants include: Walmart, Sports Authority, Lowe's, Marshalls, Kohls, Bed Bath & Beyond, Barnes & Noble, Office Depot and is close to the 1.21 million square foot Orland Park Mall, anchored by Carson Pirie Scott, JCP, Macy's and Sears Good supporting residential base
Market Context
This retail in Orland Park, IL is listed for sale. Compare it against other retail listings for sale in Orland Park, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Mario Melone · 630.573.7112 · mario.melone@cbre.com
- Wendell Hollan · 630 573 7114 · wendell.hollan@cbre.com
- Matt Friday · 16123364211 · matt.friday@cbre.com
Explore this market
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- Retail in Orland Park, IL — Contact for price · Orland Park, IL