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Retail Suite with Combination Option
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16703 Harlem Avenue #E, Tinley Park, IL 60477

The shell space may be combined with the adjoining suite to create a larger retail footprint.

Space Size1,924 SF - 3,924 SF
Days on Market103

Property Features for 16703 Harlem Avenue #E

General Information

Standard status Active
Size 1,924 SF - 3,924 SF
Net Rentable 1,924 SF

Space & Availability

Available Space 1,924-3,924 SF
Contiguous Space 3,924 SF
Furnished No

Taxes and HOA fees

Annual Taxes $19,358

Amenities

ample parking (front & rear)
pylon/facade signage

Building Details

Year Built 2008
Stories 1
Construction brick
Tenancy Multi
Listing Agency: Pearson Realty Group
Listed By: Thoma Socrates Panos · License #1015118
Source: Fishmangroup
Added: Jul 21 Changed: Oct 25 Last Checked: Oct 29 at 8:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Realty Group

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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 in a brick shopping center completed in 2008. The adjoining Suite F, approximately 2,000 square feet, can be added to expand the premises. Parking is available at both the front and rear of the center, with signage opportunities on the building façade and pylon sign.

The property is at 16703 Harlem Avenue in Tinley Park, along a commercial corridor carrying 28,000–32,000 vehicles per day. CVS is next door, and the 167th Street corridor is nearby.

Key Highlights

  • Suite E contains approximately 1,924 SF of shell space
  • Adjacent Suite F offers approximately 2,000 SF and can be combined with Suite E
  • Brick construction completed in 2008

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - The shell space may be combined with the adjoining suite to create a larger retail footprint.
Where is this retail space located?
The property is located at 16703 Harlem Avenue #E Tinley Park, IL.
What are key features of this property?
This property features: Suite E contains approximately 1,924 SF of shell space; Adjacent Suite F offers approximately 2,000 SF and can be combined with Suite E; Brick construction completed in 2008
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