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Orland Hills, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Orland Hills, Illinois Market population: 57K. Explore income-producing properties with verified cap rates and...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Orland Hills IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Orland Hills IL Properties: 2.4400%

πŸ“Š Average Income For Orland Hills IL Commercial Property: $79,984

Investor Questions For Orland Hills IL

Common questions from investors exploring commercial real estate in Orland Hills IL.

What's the overall investment potential of Orland Park, IL? +
With a median household income of $79,984 and a low poverty rate of 5.2%, Orland Park presents a stable investment market, further reinforced by its high health insurance coverage of 95.2% and a relatively short average commute time of 33.1 minutes, indicating a strong and reliable tenant base.
How does the ethnic diversity and industry mix impact the demand for real estate in Orland Park? +
The diverse ethnic makeup, led by White (45.5%) and White Non-Hispanic (43.1%) populations, alongside a significant Hispanic (4.2%) presence, contributes to a vibrant community, while top industries like Finance & Insurance, and Real Estate & Rental & Leasing drive economic stability, suggesting a consistent demand for housing.
What are the implications of the high homeownership rate and median property value for investors? +
The high homeownership rate of 87.6% and a median property value of $279,700 indicate a strong, stable housing market in Orland Park, which, combined with the low poverty rate of 5.2% and high health insurance coverage of 95.2%, suggests that investors can expect reliable rental income and potential for long-term property appreciation.
How does the commute time and method affect the quality of life and attractiveness of Orland Park to potential tenants? +
The average commute time of 33.1 minutes, with top methods including driving alone, working from home, and carpooling, suggests that Orland Park offers a balance of suburban tranquility and access to employment opportunities, making it an attractive location for tenants who value both quality of life and convenience, which can be a significant draw for investors looking for stable rental yields.
What insights do the GINI coefficient and employment population provide for real estate investors? +
A GINI coefficient of 0.416, indicating moderate income inequality, coupled with an employed population of 27,342 and top industries in finance and real estate, suggests a market with a strong economic foundation, which, when considered alongside the low poverty rate of 5.2% and high health insurance coverage of 95.2%, points to a resilient market with potential for consistent returns on investment.

Orland Hills IL Real Estate & City Facts

Key facts and real estate information about Orland Hills IL.

What are some of the best neighborhoods to live in Orland Hills? +
Some of the best neighborhoods to live in Orland Hills include Silo Ridge, Evergreen View, Crystal Tree, Radcliffe Place, Kimberly Heights, Long Run Creek, Catalina, Mallard Landings, Fairway Estates, and Westberry. These neighborhoods offer a range of housing options, from single-family homes to townhouses and apartments, and are known for their safety, good schools, and community amenities.
What are some fun things to do in Orland Hills? +
There are plenty of fun things to do in Orland Hills, including visiting the Centennial Park, playing golf at the Indoor Golf Links of America, or trying out the axethrowing lounge at Axeplosion. You can also explore the local restaurants and bars, such as Pita Pita Mediterranean Grill, Frankie's Since 1988, or Osteria Ottimo. If you're looking for something more adventurous, you can check out the Game Show Battle Rooms or the Unvreal VR Lounge.
What is the food scene like in Orland Hills? +
The food scene in Orland Hills is diverse and exciting, with a range of restaurants serving everything from Mediterranean cuisine to steakhouse fare. Some popular restaurants include Pita Pita Mediterranean Grill, Frankie's Since 1988, and Osteria Ottimo. You can also find great food at local eateries like Mama Maria's Taco and Tequila Bar, Bonefish Grill, and Miller's Ale House. There are also plenty of great food trucks and delivery options available through services like Uber Eats.
What are the pros and cons of living in Orland Hills? +
The pros of living in Orland Hills include its safe and welcoming community, good schools, and convenient location near Chicago. The village also has a range of parks and recreation centers, making it an ideal place for outdoor activities and sports. However, some cons of living in Orland Hills include the potential for traffic and congestion, especially during rush hour, and the limited public transportation options. Additionally, some residents may find the village's small-town feel a bit too quiet or suburban for their taste.
Is Orland Hills a good place to live? +
Overall, Orland Hills is a great place to live, offering a unique blend of small-town charm and big-city amenities. The village's safe and welcoming community, good schools, and convenient location make it an attractive option for families and professionals alike. While it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle, Orland Hills is definitely worth considering for those who value a sense of community and a high quality of life.
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