Shopping Strip
Add-Value Shopping Center | Shops of Orland Park
11229 W 143rd St, Orland Park, IL 60467
Listing Price: $2,230,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer a prime value-add shopping center in Orland Park, Illinois. This center is anchored by Rocco Vino's Italian Restaurant, a popular and well-established tenant that has been serving customers since 2012. Rocco Vino’s boasts a strong reputation, with four Chicagoland locations and top-tier ratings of 4+ stars and hundreds of reviews across multiple platforms.
There is a significant lease-up opportunity at this location, with 48% of the space currently vacant, offering a total of 8,773 square feet of available space. This includes a prime 4,480-square-foot end cap next to CVS, as well as three smaller spaces (1,200, 1,400, and 1,600 square feet each) that are positioned for flexible tenant use.
Located within an affluent and densely populated trade area in the Chicago MSA, the center benefits from high-income demographics, with an average household income of $151,949 within a one-mile radius. The area also has a strong population density, with 46,378 residents within three miles, creating a built-in customer base for retailers.
The location offers exceptional visibility and high traffic, with 309 feet of frontage along 143rd Street, which sees 13,400 vehicles per day (VPD). It is situated near the signalized intersection of Wolf Road and 143rd Street, with a traffic volume of 26,000 VPD. The center is directly next to CVS, benefiting from strong synergy with this national retailer. Additionally, the property is surrounded by major retailers, including Meijer, The Home Depot, Menards, Jewel-Osco, and Aldi, which are located just two miles west.
This location is also in close proximity to key destinations. It is 0.8 miles from Centennial Elementary School, which has 400 students, and 2.1 miles east of a major regional retail corridor that stretches over 3.6 miles and offers retail, dining, and entertainment options. The center is just six miles west of the I-355 on/off ramp, which sees 82,300 VPD, ensuring easy access for both local and regional customers.
Add-Value Shopping Center | Shops of Orland Park
Investment Highlights
- Anchored by a Popular, Long-Standing Tenant – Rocco Vino's Italian Restaurant (since 2012).
- Significant Lease-Up Opportunity – 48% vacant, offering 8,773 SF of available space.
- Prime Frontage & Accessibility – 309 feet of frontage along 143rd Street (13,400 VPD) near the signalized intersection of Wolf Road & 143rd Street (26,000 VPD).
- High-Income Demographics – Average household income of $151,949 within a 1-mile radius.
- Situated Directly Next to CVS - strong synergy with a national retailer.
- Surrounded by Major Retailers – 2 miles west, a retail hub that features Meijer, The Home Depot, Menards, Jewel-Osco, and Aldi.
Shopping Strip
Add-Value Shopping Center | Shops of Orland Park
Listing Price: $2,230,000
Investment Highlights
- Anchored by a Popular, Long-Standing Tenant – Rocco Vino's Italian Restaurant (since 2012).
- Significant Lease-Up Opportunity – 48% vacant, offering 8,773 SF of available space.
- Prime Frontage & Accessibility – 309 feet of frontage along 143rd Street (13,400 VPD) near the signalized intersection of Wolf Road & 143rd Street (26,000 VPD).
- High-Income Demographics – Average household income of $151,949 within a 1-mile radius.
- Situated Directly Next to CVS - strong synergy with a national retailer.
- Surrounded by Major Retailers – 2 miles west, a retail hub that features Meijer, The Home Depot, Menards, Jewel-Osco, and Aldi.
Investment Overview
Marcus & Millichap is pleased to exclusively offer a prime value-add shopping center in Orland Park, Illinois. This center is anchored by Rocco Vino's Italian Restaurant, a popular and well-established tenant that has been serving customers since 2012. Rocco Vino’s boasts a strong reputation, with four Chicagoland locations and top-tier ratings of 4+ stars and hundreds of reviews across multiple platforms. There is a significant lease-up opportunity at this location, with 48% of the space currently vacant, offering a total of 8,773 square feet of available space. This includes a prime 4,480-square-foot end cap next to CVS, as well as three smaller spaces (1,200, 1,400, and 1,600 square feet each) that are positioned for flexible tenant use. Located within an affluent and densely populated trade area in the Chicago MSA, the center benefits from high-income demographics, with an average household income of $151,949 within a one-mile radius. The area also has a strong population density, with 46,378 residents within three miles, creating a built-in customer base for retailers. The location offers exceptional visibility and high traffic, with 309 feet of frontage along 143rd Street, which sees 13,400 vehicles per day (VPD). It is situated near the signalized intersection of Wolf Road and 143rd Street, with a traffic volume of 26,000 VPD. The center is directly next to CVS, benefiting from strong synergy with this national retailer. Additionally, the property is surrounded by major retailers, including Meijer, The Home Depot, Menards, Jewel-Osco, and Aldi, which are located just two miles west. This location is also in close proximity to key destinations. It is 0.8 miles from Centennial Elementary School, which has 400 students, and 2.1 miles east of a major regional retail corridor that stretches over 3.6 miles and offers retail, dining, and entertainment options. The center is just six miles west of the I-355 on/off ramp, which sees 82,300 VPD, ensuring easy access for both local and regional customers.
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