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18757108
18757109

10 Orland Square Dr, Orland Park, IL 60462

PF
IL 475118789
Matthews
HW
IL 475208034
Matthews
JF
IL 475169452
Matthews
Listed by Matthews
$12,800,000
716 days on market
Updated 0 days ago

Orland Park Medical Plaza

Details
Property Type Office, Retail
Sub Type Medical Office, Shopping Center (+1)
Square Footage 35,889
Net Rentable (SqFt) 35,889
Cap Rate 7.50%
NOI $960,000
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Price per SqFt $357
Year Built 1978
Year Renovated 2013
Acreage 2.450
Investment Type Stabilized
Ground Lease No

100% Leased | 15-Year Leases | Absolute NNN | 38,600 SF

Marketing description

Matthews Real Estate Investment Services™ is pleased to present 10 Orland Square Dr located in Orland Park, IL. This ±35,889-square-foot property is leased to three medical tenants on 15-year leases and include Preferred Surgicenter, Preferred Open MRI, and Advanced Urgent Care. The tenants handle property management and capital replacements responsibilities. The building has underwent $5.5 million of recent medical-grade renovations.

Preferred SurgiCenter is a Joint Commission-accredited ambulatory surgery center that specializes in Minimally Invasive Spine Surgery. Other specialties covered at Preferred include Orthopedics, Pain Management, Podiatry, and Gastroenterology. Next door, is Preferred Open MRI, which houses a 3T MRI, CT Scanner, X-ray, Ultrasound, and Open MRI. Also, Advanced Urgent Care is a 24-hour immediate care center focused on treating injuries and illnesses requiring immediate care.

The subject property is located just off South La Grange Road has direct access to several interstates and is located ±27 miles from downtown Chicago. The subject property is in a highly trafficked and populated area located right next to Orland Square Mall. Orland Square Mall is comprised of over 1.2 million square feet and located in the dense Orland Park trade area. This area is ranked 5th in the Chicago suburbs with approximately $2.5 billion in sales annually. Many national retailers are in proximity including Whole Foods, Lowe’s, REI, Target, Costco Walmart, and Macy’s. Over 43,000 vehicles per day pass the subject property on South La Grange Road, which has access to several state highways and I-80.

Orland Park, Illinois, is a vibrant suburban community located in the southwestern part of the Chicago metropolitan area. Known for its family-friendly atmosphere, the town offers a wide range of recreational activities, including numerous parks, golf courses, and sports facilities. Orland Park is also home to a vibrant commercial district with shopping centers, restaurants, and entertainment options. 10 Orland Square Dr offers an investor the opportunity to acquire a turnkey medical building with outstanding reputation and history in the region.

Investment highlights

  • Three-Tenant Medical Building | Surgery Center + Urgent Care + Open MRI

  • Long Term 15-Year Leases with 2% Annual Increases

  • Absolute NNN Leases | Zero Landlord Responsibilities

  • Situated at Peripheral of 1.2 Million SqFt Orland Park Mall

  • Super Regional Market with Over 11 Million SqFt of Retail

  • Trade Area Spans Over 30 Miles | 705,700 People with 10 Miles

  • Over $5.5 Million in Medical-Grade Renovations

Listing Contacts

PF
IL 475118789
Matthews
HW
IL 475208034
Matthews
JF
IL 475169452
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$960,000.00
$80,000.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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COR MixedMixed UseMixed Use
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Matthew M. Fitzgerald
License
478027547 (IL)
Title
Broker of Record
Name
Patrick Forkin
License
475118789
Brokerage
Matthews Real Estate
Title
Real Estate Broker
Name
Hogan Wierda
License
475208034
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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