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Retail Space with Restaurant Buildout
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16703 Harlem Avenue, Tinley Park, IL 60477

Commercial Lease, Tinley Park, IL

Space Size1,924 SF - 3,924 SF
Days on Market45

Property Features for 16703 Harlem Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Directions south on Harlem/Rt. 43 past 167th, left turn into strip mall.
Subdivision Tinley Park
Standard status Active

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 19358

Utilities

Cooling system Central Air

Building Details

Year built 2008
Floors in Building 1
Building materials Brick
Listing Agency: Pearson Realty Group
Listed By: Thoma Socrates Panos · License #1015118
Added: Jul 23 Changed: Aug 19 Last Checked: Sep 5 at 9:06AM
MLS# 12714179

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Retail space is available within the Marketplace at Tinley Park, including Suite E at ~1,924SF in shell condition and adjacent Suite F at ~2,000SF with an existing restaurant/cafe buildout. The suites may be combined, providing flexibility for retail, dining, medical, or professional-service concepts. Property improvements include 2008 brick construction and central air conditioning.

The center is positioned along Harlem Avenue at 16703 Harlem Avenue, near the 167th St corridor and next door to CVS. The commercial stretch reports 28,000-32,000 VPD and is surrounded by dense residential neighborhoods. Parking is provided at the front and rear, with pylon and facade signage available for property identification.

Key Highlights

  • Suite E measures ~1,924SF and is delivered in shell condition
  • Adjacent Suite F offers ~2,000SF with a restaurant/cafe buildout
  • Suites E and F can be combined

Property Analytics

Current Use

Schoop's Hamburgers Restaurant Fat Ricky's Restaurant Fry the Coop (Tinley ... Restaurant El Patrón Restaurant

Suggested Use

Top Pick Daycare Center Garden Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Travel Agency Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,004
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Home Improvements & Furnishings 30%
BP Shops & Services
13,303 visits/mo 0.4 miles
Park Ace Hardware Home Improvements & Furnishings
5,672 visits/mo 0.5 miles

Demographics for 60477, IL

37,335
Population
16,261
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
2,629
Density / Sq Mi
$93,862
Median Household Income
$57,381
Median Earnings
$1,485
Median Rent
$262,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible retail leasing opportunity with shell space, restaurant improvements, prominent signage, and parking in a brick strip-center setting.
Where is this retail space located?
The property is located at 16703 Harlem Avenue Tinley Park, IL.
What are key features of this property?
This property features: Suite E measures ~1,924SF and is delivered in shell condition; Adjacent Suite F offers ~2,000SF with a restaurant/cafe buildout; Suites E and F can be combined
More about this property
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