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    18301 Oak Park Ave Tinley Park, IL 60477

    For Sale
    $350,000

    Mixed Use - Tinley Park, IL

    Type:Mixed Use
    Property size:
    2,900 SF
    Days on Market:
    53
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 18301 Oak Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    31061030100000
    Size
    2,900 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1943
    Number of units
    1
    Roof type
    Metal
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Robert Gray (708) 634-0103 License #475197573

    Listing date Oct 24, 2025

    MLS# 12179334 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Property in Prime Location

    This mixed-use property, a former restaurant/bar after 55 years in business, is being sold AS-IS. Located on a corner lot on Oak Park Avenue in Tinley Park, Illinois, the property benefits from its proximity to the Tinley Park Expo Center, Interstate 80, and the Credit Union 1 Amphitheater, resulting in a high traffic volume. Annexed by the village in 2023, the zoning is currently R1, and any future developments will require new zoning approval. The property offers possibilities for commercial, residential multifamily, mixed-use, or continued restaurant/bar use, subject to village approval. The location is surrounded by multifamily and single-family dwellings. The village will require the removal of the existing septic field and connection to the main sewer for the next establishment. The property size is 2900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Vogt House by Banging Gavel Brews, Teehan's Tavern, Cuzin's Tavern, Gaming & Pizza Tinley Park, Starbucks, J W Hollstein's Saloon

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.783293
    Latitude
    41.557441

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    FAQs

    What type of property is this?
    Bar - Corner lot near Expo Center with diverse development potential.
    Where is this bar located?
    The property is located at 18301 Oak Park Ave Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - **Prime corner lot location on Oak Park Ave.**; - High traffic area near Tinley Park Expo Center, Interstate 80, and Credit Union 1 Amphitheater.; - Versatile investment potential: commercial, residential multifamily, mixed-use, or restaurant/bar (subject to village approval).
    (708) 634-0103
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    Tinley Park, IL 60477
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18301 Oak Park Ave Tinley Park, IL 60477
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