16703 Harlem Avenue, TINLEY PARK


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
Square Footage9,865
Year Built2008
Community Information
Address16703 Harlem Avenue
AreaTinley Park
Zip Code60477
Parking Spaces70
HeatingForced Air
CoolingCentral Air
ConstructionConcrete Block
Additional Information
Listing Details
OfficeBrookline Real Estate LLC
Property History
Status Changed from New to Active

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Listing information last updated on October 22nd, 2019 at 2:20am CDT.

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