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    OFF-MARKET
    Lifestyle centers

    7108 171St St, Tinley Park, IL 60477

    10,000 SF Built 1978
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Lifestyle centers
    Year built 1978
    Total area 10,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Speedy Burritos Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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