Property profile

16703 Harlem Ave E Tinley Park, IL 60477

FOR LEASE
Retail space
Property ID
US28-1890346
2.12 ac lot Built 2007
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant
  • Restaurant

Location

16703 Harlem Ave, Unit E Tinley Park, IL 60477
Tinley Park metro Census 825303 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.26M

Owner & transaction history

since 2021
Last sale
$2.2M
6 recorded transactions
2021
$2.2M
2021
Price N/A
2020
$850,000
2014
$1.7M
1969
Price N/A
1969
Price N/A

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
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More about this property
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