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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Retail space
16703 Harlem Ave, Tinley Park, IL 60477-2887
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1890346
Property summary
AI-generated overview
This Tinley Park property offers two available restaurant units totaling 3,180 square feet, situated on Harlem Avenue at 167th Street. The location benefits from high traffic volume and proximity to a CVS and the nearly completed Pete's Fresh Market, ensuring significant foot traffic and visibility. The units are part of a strip center with no remaining vacancies. Unit E is a 1,380-square-foot shell space, providing a blank canvas for customization. Unit D, also 1,380 square feet, is a former pizza shop featuring a 14-foot hood and a pizza oven, ideal for a similar concept or adaptable to other culinary uses. Both units can be combined to create a larger space. The property is zoned B3 and has a tax cost per square foot of $14. There are no on-site parking spaces. This presents a unique opportunity for restaurant operators seeking a prime location in a bustling Tinley Park commercial area. The address is 16703 S Harlem Ave, Tinley Park, IL 60477. Minimum divisible space is 1,380 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Lot
2.12 ac (92,347 SF)
APN
28-30-100-079
UPID
US28-1890346
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
-
Schoop's Hamburgers Restaurant
-
Fat Ricky's Restaurant
-
Fry the Coop (Tinley Park) Restaurant
-
El Patrón Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Bpi Tinley Park LLC · 4 yrs held
Bpi Tinley Park LLC
since 2021
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tinley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinley Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,185,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Sep 29 2021)
Last sale anchor
$2.20M
Sep 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$138,378
Tax year 2022
Assessed value
$324,845
Assessed 2022
Previous assessed
$324,845
+0.0% YoY
Effective rate
42.60%
On assessed value
Assessed land
$161,250
Assessed improvement
$163,595
Land market value
$645,000
Improvement market value
$654,380
Total market value
$1,299,380
Applied tax rate
13,039.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Lot
2.12 ac (92,347 SF)
APN
28-30-100-079
UPID
US28-1890346
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Bpi Tinley Park LLC
Entity
Mailing address
PO BOX 5273, OAK BROOK, IL 60522-5273
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$2,200,000
Bpi Tinley Park LLC
Tinley Prk Investors LLC
Special Warranty Deed
$1,200,000 · Belmont Bank & Trust Company
Feb 3, 2021
—
Tinley Park Investors LLC
—
Deed
related
$1,150,000 · Belmont Bank & Trust Company
Sep 17, 2020
$850,000
Tinley Park Investors LLC
Hadley Citrus Co
Grant Deed
$575,000 · Belmont Bk&tr
Sep 17, 2014
$1,725,000
Hadley Citrus Co
Rebrag INC
Grant Deed
—
—
—
Rebrag INC
—
Deed Of Trust
related
$17,362,500 · Hinsdale Bank & Trust Co
—
—
Rebrag INC
—
Deed Of Trust
related
$917,009 · Hinsdale Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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