Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17702 Oak Park Ave Ste A Tinley Park, IL 60477-4340
    Back to Search
    Property profile & analytics

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

    View on Map
    • Retail space
    • 0.14 lot acres
    Off-Market
    Last Sale Nov 17, 2022
    $140,000
    Property ID
    US28-1568350
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Norman's Cleaners & Tuxedo Rental #1 dry cleaner brand in Tinley and Orland Park / (Bike/Boat/Book/etc) Store

    Property Details for 17702 Oak Park Ave Ste A

    Year built
    1955
    Lot size
    0.14 lot acres
    Property type
    Retail space
    APN
    28-31-103-021
    APU
    2831103021

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7845
    Latitude
    41.5693
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $26,033
    $11,025
    $50,088
    $61,113
    -
    $44,100
    $200,352
    $244,452

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      6720 167th St

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
      6720 167th St, Tinley Park, IL 60477-2872
      View Details
    • Value Estimation by Request
      0.19 Acres

      6645 Ss St

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      6645 Ss St, Tinley Park, IL 60477-3533
      View Details
    • Value Estimation by Request
      10.30 Acres

      16100 Harlem Ave

      RETAIL STORES (PERSONAL SERVICES) • 10.30 Acres
      16100 Harlem Ave, Tinley Park, IL 60477-1614
      View Details
    • Value Estimation by Request
      0.40 Acres

      16585 Oak Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.40 Acres
      16585 Oak Park Ave, Tinley Park, IL 60477-1752
      View Details
    • Value Estimation by Request
      0.12 Acres

      17042 Oak Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      17042 Oak Park Ave, Tinley Park, IL 60477
      View Details
    • Value Estimation by Request
      2,106 SF

      7613 159th St

      RETAIL STORES (PERSONAL SERVICES) • 2,106 SF
      7613 159th St, Tinley Park, IL 60477-1309
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,161 SF

      Retail Space on Heavily Traveled Road

      Retail space available on a heavily traveled road.
      7101-7125 183Rd St, Tinley Park, IL 60477
      View Details
    • $159,900

      Versatile Office Condo in Tinley

      Office condo for sale, ideal for various business uses.
      17710 Oak Park Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      4,083 SF

      Freestanding Retail Building in Tinley Park

      Well-maintained 4,083 SF building on 12,253 SF lot.
      17702 Oak Park Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      5,004 SF

      Tinley Park Commercial Building For Sale

      5,004 SF building near Metra station on 1.21 acres.
      17865 S 80Th Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing

      Tinley Park Commercial Building For Sale

      5,004 SF building on 1.21 acres near Metra.
      17865 South 80Th Ave, Tinley Park, IL 60477
      View Details
    • $6,349,451
      38,079 SF

      Single-Story Office Building For Sale

      Single-story office building in Tinley Park, Illinois, 100% leased.
      18501 Maple Creek Dr, Tinley Park, IL 60477
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,435 SF

      Retail Space in Tinley Park

      Retail space available in redeveloped Tinley Park shopping center.
      15917-16199 S Harlem Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space in Tinley Park

      Redeveloped retail space with high visibility and strong anchor tenants.
      16205 S Harlem Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      1,431 SF

      Retail Space on Oak Park

      Available retail space suitable for various professional or retail uses.
      17016-17054 Oak Park Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing
      3,009 SF

      Retail Space in Tinley Park

      Retail spaces available in growing Tinley Park, Illinois.
      17821-17847 80Th Ave, Tinley Park, IL 60477
      View Details
    • Contact for pricing

      Tinley Park Office/Retail Unit

      1,991 SF unit ideal for office or retail use.
      18311 North Creek Dr, Tinley Park, IL 60477
      View Details
    • Contact for pricing

      Retail Space in Tinley Park

      Retail space available for rent in Tinley Park, Illinois.
      16150 S Harlem Ave, Tinley Park, IL 60477
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17702 Oak Park Ave Ste A
    Tinley Park, IL 60477-4340
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17702 Oak Park Ave Ste A, Tinley Park, IL, 60477
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!