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    Property profile & analytics
    OFF-MARKET
    Retail space

    17702 Oak Park Ave Ste A, Tinley Park, IL 60477-4340

    0.14 ac lot Built 1955
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-1568350
    Property summary
    AI-generated overview

    This fully occupied, 4,100 square foot storefront at 17702 Oak Park Ave, Tinley Park, IL 60477, presents a compelling investment opportunity. The property, built in 1985 and situated on a 0.13-acre lot, is zoned for Neighborhood General Legacy District use. Currently operating under a single-tenant, gross lease agreement with a remaining term of approximately 3.8 years (expiring August 31, 2028, with commencement on September 1, 2023), the property boasts 100% occupancy. The Net Operating Income (NOI) stands at $22,140, yielding a 4.47% cap rate. The asking price is $495,000. This prime location offers excellent visibility and accessibility along Oak Park Avenue, near downtown Tinley Park. Financial documentation, including the rent roll and lease agreement, will be provided upon execution of a non-disclosure agreement. This is a rare opportunity to acquire a stable, income-producing retail property in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1955
    Lot 0.14 ac (6,300 SF)
    APN 28-31-103-021
    UPID US28-1568350
    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
    • Norman's Cleaners & Tuxedo Rental #1 dry cleaner brand in Tinley and Orland Park (Bike/Boat/Book/etc) Store
    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
    Shakespeare LLC · 3 yrs held
    Shakespeare LLC
    since 2023
    Last sale
    $140,000
    3 recorded transactions
    2023
    2022
    $140,000
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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