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Retail Shell Space
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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 Market94

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
Added: Jul 22 Changed: Oct 10 Last Checked: Oct 23 at 11:06AM
MLS# 12712189

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.

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Investment Insights

Based on property information with market context.

Suite E offers approximately 1,924 square feet of shell retail space within a 2008 brick strip center. Adjacent Suite F provides approximately 2,000 additional square feet and may be combined with Suite E. The property includes central air, parking at the front and rear, and pylon and facade signage.

The center is next to CVS and positioned along a commercial corridor reporting 28,000–32,000 VPD. Dense residential neighborhoods surround the property, with proximity to the 167th St corridor and future Pete's Fresh Market. The space is identified for potential fast-casual restaurant, specialty retail, medical, or professional service use.

Key Highlights

  • Approximately 1,924 SF shell space in Suite E
  • Adjacent Suite F offers approximately 2,000 SF and can be combined
  • 2008 brick construction with central air

Property Analytics

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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 Nursing Home Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Catering Service

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
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Market

Lease Benchmarks for Tinley Park, IL

$18.75 /SF/Yr
Avg Asking Price
$15–$22 /SF/Yr
Price Range
7,400 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial suite within a brick strip center with central air, front and rear parking, and pylon signage.
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: Approximately 1,924 SF shell space in Suite E; Adjacent Suite F offers approximately 2,000 SF and can be combined; 2008 brick construction with central air
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