16703 Harlem Avenue, TINLEY PARK

$1,475,000

0 Beds
0 Baths
9,865 Sqft
0 Acres
0 Garages

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
Property History
Status Changed from New to Active
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Listing information last updated on July 17th, 2019 at 12:36pm CDT.

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