41.586388 -87.79301

16703 South Harlem Avenue Tinley Park, IL 60477

239666079 41.586388 -87.79301 129 /listing/239666079-150083094/16703-south-harlem-avenue-tinley-park-il-60477 False 0 1475000.0 101 10383025 False
  • $1,475,000
  • 82,764 lot
  • Est payment $7918.12/mo

Property & Neighborhood Info

Courtesy Of Brookline Real Estate LLC

Commercial in Tinley Park

Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Tinley Park. This asset is being offered at a 10.34% Proforma CAP rate. Marketplace at Tinley Park contains 9,865 square feet and is situated on approximately 1.90 acres. Near the southeast corner of Harlem Avenue and 167th Street, the center benefits greatly from its position next door to CVS, among dozens of other national retailers on the active corner Harlem and 159th Street. This is a value-add opportunity with significant upside potential by leasing the current vacancies (3,924 SF, 40%) at market rents. The existing three tenants have all recently been renewed or extended, adding stability to the asset while efforts are targeted toward leasing the two remaining spaces. The center also has owner-user potential where a business owner can occupy an end-cap location while collecting rent from the other lo

Courtesy Of Brookline Real Estate LLC
  1. 82,764 Lot

Main Features

  • Listing Status: Active
  • Year Built: 2008
  • Floors: 1
  • County: Cook
  • Taxes: $94,863.00
  • Units: 7
  • Zoning: COMMR
  • MLS Number:10383025

Additional Features

  • Air Conditioning:
    • Central Air
  • Construction:
    • Concrete Block
  • Exterior:
    • Brick
  • Parking Spaces:
    • 70
  • Electric:
    • Separate Meters
  • Heat:
    • Forced Air
  • Fire System:
    • Sprinklers-Wet
  • Zoning Type:
    • COMMR
  • List Type (Exclusive):
    • Exclusive Right To Sell
  • Net Operating Income:
    • 40313
  • Annual Expenses:
    • 136665
  • Special Information:
    • 24-Hr Notice Required
    • List Broker Must Accompany
  • Tenant Pays:
    • Common Area Maintenance
    • Insurance
    • Real Property Taxes
  • Owner Agent:
    • No
  • Square Footage Total:
    • 9865
  • Tax ID:
    • 28301000790000
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Bud Steele
Bud Steele
Managing Broker
8200 w 185th St Suite H-15 Tinley Park IL 60487
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41.586388 -87.79301

16703 South Harlem Avenue Tinley Park, IL 60477

239666079 41.586388 -87.79301 129 /listing/239666079-150083094/16703-south-harlem-avenue-tinley-park-il-60477 False 0 1475000.0 101 10383025 False
  • $1,475,000
  • 82,764 lot
  • Est payment $7918.12/mo