Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17016-17054 Oak Park Ave Tinley Park, IL 60477

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($1,431 /Mo)

    Available retail space suitable for various professional or retail uses.

    Property size:
    1,431 SF
    Lot size:
    0.96 Acres

    Property Features for 17016-17054 Oak Park Ave

    General Information

    Size
    1,431 SF
    Lot size
    0.96 Acres

    We can help!

    Listing Contact
    Rose Gillece
    Rose Gillece
    Source: Moodyscre

    Listing Agent: Rose Gillece

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

    Learn more

    Overview

    Retail Space on Oak Park

    This 1,431-square-foot retail space is located on Oak Park Avenue and was formerly a jewelry store. The space features an open front partition section and rear storage area. It is available for immediate occupancy and is suitable for small professional or retail users.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7850047
    Latitude
    41.5820588

    Nearby Similar for Lease

    • Contact for pricing

      High-Exposure Retail Building For Lease

      Freestanding 15,000 sq ft building in active retail corridor.
      16150 S Harlem Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing

      Orland Hills Retail Leasing Opportunity

      Two retail spaces available for immediate occupancy in Orland Hills.
      8833 159Th St, Orland Hills, IL 60487
      View Details
    • Contact for pricing

      Retail Space in Tinley Park

      Retail suite available in Tinley Park with ample parking.
      16717 80Th Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      3,004 SF

      Retail Space in Tinley Park

      Retail space available in redeveloped Tinley Park shopping center.
      15917-16199 S Harlem Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space in Tinley Park

      Redeveloped retail space with high visibility and strong anchor tenants.
      16205 S Harlem Ave, Tinley Park, IL 60477
      View Details
    • $1,650 /Mo

      Spacious Top Floor Apartment

      Large 2-bedroom apartment with recent updates and great location.
      17544 71St Ave, Tinley Park, IL 60477
      View Details
    • $16 SF/Yr
      58,081 SF

      Medical Ready Office Suite

      9,698 SF office suite suitable for medical conversion.
      8505 183Rd St, Tinley Park, IL 60487
      View Details
    • $22 SF/Yr
      2,000 SF

      2,000 SF Office Condo

      Office condo in Will County, suitable for professional use.
      8041 W 186Th St, Tinley Park, IL 60487
      View Details
    • Contact for pricing
      8,500 SF

      Tinley Park Retail Space Available

      Retail space for lease in Tinley Park, Illinois.
      17261-17269 Oak Park Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      52,950 SF

      Tinley Park Medical Office Campus

      Prime Medical Office Suites Available
      18210 La Grange Rd, Tinley Park, IL 60467
      View Details
    • $14 SF/Yr
      1,400 SF

      Retail Space in Tinley Park

      Retail spaces available in busy Tinley Park shopping center.
      9510-9536 W 179Th St, Tinley Park, IL 60477
      View Details
    • $15 SF/Yr
      12,000 SF

      Parkview Plaza Executive Suites

      Tinley Park Office Space, 1200-2400 SF
      7960 167Th St, Tinley Park, IL 60477
      View Details

    FAQs

    What type of property is this?
    Retail space - Available retail space suitable for various professional or retail uses.
    Where is this retail space located?
    The property is located at 17016-17054 Oak Park Ave Tinley Park, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Great location on busy Oak Park Avenue.; - Available immediately.; - Gross lease introductory offer.
    (708) 873-5540
    Request Owner's contact information
    17016-17054 Oak Park Ave Tinley Park, IL 60477
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17016-17054 Oak Park Ave
    Tinley Park, IL 60477
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    17016-17054 Oak Park Ave Tinley Park, IL 60477
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rose Gillece
    Rose Gillece
    (708) 873-5540
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.