Concordia Commons

$2,050,000.00Price

Marcus & Millichap is pleased to present the fee simple interest in Concordia Commons, a 27,896 square foot retail center, anchored by US Bank and located on the hard corner of La Grange Road and 147th Street in Orland Park, IL. Concordia Commons is located across the street from Orland Square, a super regional mall anchored by Macy's and JC Penney. Asking rents at Orland Square are over $50/sf NNN, which helps position Concordia Commons as one of the preeminent low cost providers in the submarket. With average rents at under $12/sf NNN, Concordia Commons is well positioned to provide service oriented tenants a place to do business in which they can benefit off the inherent traffic drivers of their location, while keeping their overhead low. Concordia Commons is located at a signalized intersection, with full access from 147th Street. There is also cross access to the property from La Grange Road, through the neighboring Baker's Square. Nearly every national tenant imaginable has a location somewhere along La Grange Road, servicing the dense demographics (70,000 people within a 3 mile radius) and high average household incomes ($89,671 annually).

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