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    7108 171St St Tinley Park, IL 60477

    For Sale
    $1,725,000

    High-yield shopping center, fully leased.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully leased 10,000 square foot shopping center situated in Tinley Park, Illinois. The property, located at 7108 171st St, 60477, boasts six tenants under a modified lease structure, ensuring a stable income stream. With a 100% occupancy rate, the property generates a strong net operating income (NOI) of $116,301, translating to a compelling 6.74% capitalization rate. Built in 1978, this single-story building sits on a 44,958 square foot lot and offers 35 parking spaces. The property is zoned B-3 and features a recently upgraded sprinkler system compliant with current city codes. Furthermore, four rooftop air conditioning units were replaced in 2022, demonstrating proactive property maintenance. The asking price is $1,725,000, representing a price per square foot of $172.50. This well-maintained, high-performing shopping center presents a rare opportunity for investors seeking a stable, income-producing asset in a desirable location. The property is held in trust.

    Property Features for 7108 171St St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,000 SF

    Building Details

    Year Built
    1978
    Stories
    1
    Units
    10

    HighLights

    • Fully leased 10,000 SF shopping center in Tinley Park, IL.
    • Six tenants with modified leases providing stable income.
    • 100% occupancy, $116,301 NOI, 6.74% cap rate.
    • Located at 7108 171st St, 60477, on a 44,958 SF lot with 35 parking spaces.
    • B‑3 zoning, recently upgraded sprinkler system, and four new rooftop AC units (2022).
    • Asking price: $1,725,000 ($172.50/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Speedy Burritos Mexican Restaurant

    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
    -87.791834544158
    Latitude
    41.580736018701

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield shopping center, fully leased.
    Where is this lifestyle center located?
    The property is located at 7108 171St St Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: Fully leased 10,000 SF shopping center in Tinley Park, IL.; Six tenants with modified leases providing stable income.; 100% occupancy, $116,301 NOI, 6.74% cap rate.
    Request Owner's contact information
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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
    7108 171St St Tinley Park, IL 60477
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