Property profile

16000 Harlem Ave Tinley Park, IL 60477

OFF-MARKET
Grocery and convenience stores
Property ID
US28-2978554
Entity Owned 9-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 39,824-square-foot retail property, located at 16000 South Harlem Avenue in Tinley Park, Illinois (zip code 60477), presents a unique investment opportunity. The property, identified by APN 27-24-201-014-0000, is currently configured as a bank but is adaptable to various retail uses. It boasts excellent visibility from Harlem Avenue, a major thoroughfare with a high daily traffic volume of 31,600 vehicles. The property benefits from ample parking and is strategically situated adjacent to a new Aldi store, ensuring high foot traffic and customer exposure. Strong surrounding tenants include Portillo's, Sears, Sam's Club, Hobby Lobby, and Meijer, creating a vibrant and desirable retail environment. The space is divisible, offering flexibility for potential tenants, with options for units as small as approximately 12,960 square feet. This prime location in Cook County, Illinois offers exceptional potential for businesses seeking high visibility and strong customer traffic. Contact for pricing and leasing details.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
APN 27-24-201-014
UPID US28-2978554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Limousine Service Corporate Office

Location

16000 Harlem Ave Tinley Park, IL 60477-1612
Tinley Park metro Census 824123 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2017
2 recorded transactions
2017
$5.3M
2011
$3.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16000 Harlem Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message