Park Pointe Plaza — Lease in Orland Park, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Orland Park, IL 60642
  • Size: 29,000 SF

Photos

Park Pointe Plaza — Lease in Orland Park, IL, photo 1 of 1

Description

Located in Orland Park this strip center shopping mall is anchored by a Harlem City Furniture, Trader Joes and Party City. It has two access points. It has excellent visibility and signage.

Market Context

This retail in Orland Park, IL is listed for lease across 29,000 SF. Compare it against other retail listings for lease 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 space leases 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 Market Rate

$1.54/SF/mo – $2.08/SF/mo

Mid: $1.82/SF/mo

Estimated total for 29,000 SF: $52,780 per month

Based on comparable properties in similar markets rather than local sales.

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