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Retail Suite with Restaurant Neighbor
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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 Market31

Property Features for 16703 Harlem Avenue

General Information

Property type Commercial Lease
Property subtype Office
Directions south on Harlem/Rt. 43 past 167th, left turn into strip mall.
Subdivision Tinley Park
Standard status Active

Utilities

Cooling system Central Air

Amenities

ample parking
pylon signage
facade signage

Building Details

Year built 2008
Floors in Building 1
Listing Agency: Pearson Realty Group
Listed By: Thoma Socrates Panos · License #1015118
Added: Jul 23 Changed: Aug 19 Last Checked: Aug 22 at 8:06AM
MLS# 12714201

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.

Investment Insights

Based on property information with market context.

This leasing opportunity includes a retail suite offered in shell condition. Suite E is available and may be combined with adjacent Suite F, which is built out for a restaurant/cafe use, creating flexibility for an expanded footprint.

The property is part of a strip center setting described as having heavy traffic along Harlem Avenue, with frontage visibility supported by pylon/facade signage. The building is identified as newer 2008 brick construction and includes ample parking at both the front and rear. CVS is next door, and the location is described as being near the 167th St corridor.

The suite combination provides a practical option for tenants seeking a streamlined way to match adjacent restaurant/cafe buildout with an additional shell area, subject to lease terms and approval.

Key Highlights

  • Retail space for lease at a strip center in Tinley Park (Suite E ~1,924 SF shell space).
  • Suite F (~2,000 SF) is built out for a restaurant/cafe; Suites E and F can be combined.
  • 2008 brick construction with central air (Central Air).

Property 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 Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Travel Agency Carpet & Flooring Store

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

Market

Lease Benchmarks for Tinley Park, IL

$18.25 /SF/Yr
Avg Asking Price
$15–$22 /SF/Yr
Price Range
2,219 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
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Frequently Asked Questions

What type of property is this?
Retail space - Available retail suite is offered as a shell and can be combined with an adjacent built-out restaurant/cafe suite.
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: Retail space for lease at a strip center in Tinley Park (Suite E ~1,924 SF shell space).; Suite F (~2,000 SF) is built out for a restaurant/cafe; Suites E and F can be combined.; 2008 brick construction with central air (Central Air).
More about this property
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