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    8400 171St St Tinley Park, IL 60487

    For Sale
    $5,062,500

    NNN leased Walgreens with over 7 years remaining on primary lease.

    Property size:
    14,820 SF
    Lot size:
    1.41 Acres

    Property Features for 8400 171St St

    General Information

    Size
    14,820 SF
    Lot size
    1.41 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tinley Park Walgreens For Sale

    This property is positioned within the Chicago MSA, ranked #3 in the United States for population size. The property has a successful operating history since 2007. It is subject to a NNN lease with no landlord responsibilities. Over 7 years remain on the primary lease term. The property is located along 171st Street, which has a traffic volume of 18,300 vehicles per day, and is in proximity to South LaGrange Road (43,100 VPD) and Interstate 80 (122,400 VPD). It is also located minutes from Victor Andrew High School, which has over 2,100 students, and Tinley Park – Park District. The property is situated within a five-mile radius of over 174,000 residents and within a one-mile radius of an area with an average household income of $143,282. Walgreens is ranked #27 on the Fortune 500 list for total revenue in 2024. The property has a size of 14,820 square feet.
    Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Walgreens Drug Store COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk FedEx OnSite Mailing Service

    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

    Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Virginia Rimeika, Blissful Belongings

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.824232
    Latitude
    41.580325

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens with over 7 years remaining on primary lease.
    Where is this drug store located?
    The property is located at 8400 171St St Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $5,062,500.
    What are key features of this property?
    This property features: - NNN lease – No landlord responsibilities; - Over 7 years remain on the primary lease term; - Located within the Chicago MSA – Ranked #3 in the United States for population size
    (847) 562-8500
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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
    8400 171St St Tinley Park, IL 60487
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