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16703 Harlem Avenue, TINLEY PARK, IL – $1,475,000

  • $1.5M Price
  • 9,865 Sqft
  • $1.5M Price
  • 9,865 Sqft

16703 Harlem Avenue

Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong transit oriented location in the Chicago suburb of Tinley Park. This asset is being offered at a 10.34% Proforma CAP rate. Marketplace at Tinley Park contains 9,865 square feet and is situated on approximately 1.90 acres. Near the southeast corner of Harlem Avenue and 167th Street, the center benefits greatly from its position next door to CVS, among dozens of other national retailers on the active corner Harlem and 159th Street. This is a value-add opportunity with significant upside potential by leasing the current vacancies (3,924 SF, 40%) at market rents. The existing three tenants have all recently been renewed or extended, adding stability to the asset while efforts are targeted toward leasing the two remaining spaces. The center also has owner-user potential where a business owner can occupy an end-cap location while collecting rent from the other lo

Essential Information

  • MLS® #10383025
  • Price$1,475,000
  • Square Footage9,865
  • Acres0.00
  • Year Built2008
  • TypeCommercial
  • Sub-TypeRetail/Stores
  • StatusActive

Community Information

  • Address16703 Harlem Avenue
  • AreaTinley Park
  • CityTINLEY PARK
  • CountyCook
  • StateIL
  • Zip Code60477

Amenities

  • Parking Spaces70

Interior

  • HeatingForced Air
  • CoolingCentral Air
  • Stories1

Exterior

  • ExteriorBrick
  • ConstructionConcrete Block

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeBrookline Real Estate LLC
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Price Change History for 16703 Harlem Avenue, TINLEY PARK, IL (MLS® #10383025)

Date Details Change
Status Changed from New to Active

Brookline Real Estate LLC.

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Listing information last updated on November 19th, 2019 at 9:51pm CST.