7301 183rd St Ste D Tinley Park, IL 60477-4554
Property profile & analytics
7301 183rd St Ste D Tinley Park, IL 60477-4554
- Commercial real estate
- 13,562 SF
- 1.91 lot acres
Property ID
US28-1333215
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.
Location Intelligence
Current Use by Public Records
- Pops Italian Beef & Sausage - Tinley Park / Restaurant
- Smokey Top- Vape & Tobacco / (Bike/Boat/Book/etc) Store
- Buffalo Wild Wings / Restaurant
Property Details for 7301 183rd St Ste D
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 1.91 lot acres
- Property size
- 13,562 SF
- Property type
- Commercial real estate
- APN
- 19-09-01-204-009
- APU
- 190901204009
Description
This exceptional 29,350 square foot retail center in Tinley Park, IL, boasts a strong tenant mix anchored by Buffalo Wild Wings. The property features two buildings, constructed in 2005 and 2008, situated on a 3.55-acre lot with 195 parking spaces and excellent visibility on 183rd Street. The center includes 10 tenants, with a 93.21% occupancy rate and a current NOI of $485,112. The property benefits from a highly favorable Will County location, offering significantly lower real estate taxes compared to neighboring Cook County. The average household income within a three-mile radius exceeds $111,000, and the area is home to over 70,000 residents. All tenant leases feature annual rent increases, providing a hedge against inflation. The property is conveniently located near Interstate 80 and the busy Harlem Avenue intersection, with proximity to major attractions including the Credit Union 1 Amphitheater and over 800 hotel rooms. Buffalo Wild Wings, a long-term tenant, recently completed a significant store remodel and signed a 7-year lease extension. Other tenants include a mix of restaurants and service businesses, many with established histories and strong reputations. The property offers a compelling investment opportunity with a current asking price of $6,060,000 and an 8.01% cap rate. The Net Lease investment features a remaining lease term of 7.1 years, commencing March 15, 2005, and expiring December 31, 2031. The property's strong fundamentals, combined with its desirable location and tenant mix, make it an attractive investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,555,000
- ML approach
- $5,560,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,180,000
Market price range: $1.49M - $6.18M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tinley Park
- County
- Will
- State
- Illinois
- Longitude
- -87.7954
- Latitude
- 41.558
- 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
2023
$85,436
$207,926
$637,814
$845,740
-
$623,778
$1,913,442
$2,537,220
