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
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than RE/MAX Premier Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Listing information last updated on October 22nd, 2019 at 2:20am CDT.