Property profile

16205 HARLEM AVE Tinley Park, IL 60477

OFF-MARKET
Retail Stores
Property ID
US28-1013103
1.45 ac lot Built 2000
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Property summary

AI-generated overview

The property is a retail site within an ongoing redevelopment plan that includes new outparcel buildings, facade modernization, signage updates, and improvements to site lighting, landscaping, and the parking lot, with an anticipated future phase designed to support small shops and anchor tenants including space suitable for restaurant service, retail, and medical uses. It is located at the high-traffic intersection of 159th Street and Harlem Avenue, an area that has visibility supported by reported traffic volume of more than 65,000 vehicles per day. The broader retail corridor is anchored by national and regional tenants, and the site is situated within a densely populated trade area, with demographic references commonly cited for the surrounding 5-mile radius. The specific retail space identified for the property is 1,960 square feet.

Property profile

Verified
Property type Retail Stores
Year built 2000
Lot 1.45 ac (63,162 SF)
APN 28-19-100-058
UPID US28-1013103

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
  • Physician
  • Physician
  • Cafe & Coffee Shop
  • Atm
  • Arcade & Gaming Center Electronics & Wireless Store

Location

16205 HARLEM AVE Tinley Park, IL 60477
Tinley Park metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A
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