7108 171St St Tinley Park, IL 60477
- Lifestyle centers
- 10,000 SF
Current Use by Public Records
- Speedy Burritos / Mexican Restaurant
Property Details for 7108 171St St
- Year built
- 1978
- Property size
- 10,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tinley Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7918
- Latitude
- 41.5807
