Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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