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34379143
34379142

11350 W 159th St, Orland Park, IL 60467 For Sale

JS
IN RB16000601
Ellsbury Group
Listed by Ellsbury Group
$449,000
4 days on market
Updated 4 days ago

11350 W 159th St

Details
APN 27-18-430-005-0000, 27-18-430-010-0000
Property Type Land
Sub Type Commercial
Square Footage 1,855
Beds 3
Cap Rate 4.00%
NOI $18,000
Price per SqFt $14
Year Built 1961
Buildings 1
Acreage 0.720
Zoning C-1 Restricted Business
Investment Type Net Lease
Ground Lease Yes

C-1 Corner-Corridor Land + Clear Channel Billboard Income | 0.72 AC on US-6 (21,300 VPD)

Marketing description

Ellsbury Group presents 11350 W 159th Street — a two-parcel, 0.72-acre site with ±265 feet of frontage on 159th Street (US Route 6) in unincorporated Orland Township, Cook County. The site carries C-1 Restricted Business zoning along one of the Southland's busiest east–west corridors, with 21,300 vehicles passing daily.

Income starts on day one: a Clear Channel Outdoor monopole billboard ground lease pays $18,000 per year, annually in advance. The site also includes a 1,855 SF ranch residence, an attached 1.5-car garage, and a detached garage on the second parcel — hold, rent, or clear for redevelopment.

At $449,000 ($14.38/SF of land), a buyer controls commercial frontage 1,000 feet west of Wolf Road with secured passive income and multiple exit paths. The property is offered strictly as-is, and buyer is responsible for all due diligence.

The site sits on the north side of 159th Street at a signalized stretch 1,000 feet west of Wolf Road, surrounded by established single-family neighborhoods, with the Village-owned open space across 159th preserving long sightlines to the billboard and frontage.

Orland Park is one of Chicago's strongest south-suburban trade areas — 57,916 residents with a median household income of $98,910 — and the 159th Street corridor connects the site east to the La Grange Road retail spine and Orland Square regional mall.

In unincorporated Orland Township, development runs through Cook County Building & Zoning under C-1 Restricted Business — with annexation to the Village of Orland Park a potential path for a larger commercial play.

Investment highlights

  • $18,000/yr Clear Channel ground rent — a 4.0% yield on the full asking price before any use of the land or house
  • C-1 commercial frontage on US-6 at 21,300 VPD — retail, office, and service uses in the path of growth
  • Two separate tax parcels — flexibility to develop, sell, or assemble in phases
  • Unincorporated Cook County — county zoning & permitting, with potential annexation to Orland Park as a value path

Listing Contacts

JS
IN RB16000601
Ellsbury Group
Listed by Ellsbury Group

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Loan Amount
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Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
4.01%
Cap Rate
4.01%
ROI

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