248-351-4370
7020-7086 W 183rd St, Tinley Park, IL for Sale
Apartments - FOR SALE
1/28
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7020-7086 W 183rd St
Tinley Park, IL 60477


HIGHLIGHTS

  • Modern mixed-use construction (2007) with strong curb appeal makes the property attractive to tenants and prospective customers
  • High Traffic, Strong Demographics
  • Neighborhood retail internet-proof tenant mix
  • Drive through Dunkin' Donuts
  • Triple Net Leases minimize Landlord responsibility
  • Common Area expenses are shared with the residential condo units above

OVERVIEW

Farbman Group of Chicago, in conjunction with RealINSIGHT Marketplace, is pleased to present for sale Tinley Pointe Centre in Tinley Point, Illinois, an 18,214 SF retail condo situated at the base/1st floor of a four-story, 36-unit individually owned residential condo. Constructed in 2007, the property's strong curb appeal positioning it as a stable, long-term asset. The property is situated in a high-traffic area with strong demographics, ensuring a steady customer base for tenants. A key feature is the "internet-proof" tenant mix, including a drive-through Dunkin' Donuts. The new owner will benefit from Triple Net (NNN) leases, which significantly reduce landlord responsibilities and make operating expenses predictable. Furthermore, common area expenses are shared with the 36 residential condo units located above the retail space, further reducing overhead. The property is cash flow positive, and a significant upside exists with over 7,500 square feet across 3 suites available for lease. Securing tenants for this vacant space will substantially increase the net operating income (NOI) and asset value. An additional opportunity to improve NOI lies in the potential for a property tax appeal. In summary, this investment offers a modern, well-maintained asset with a resilient tenant mix, strong cash flow, and significant long-term upside through lease-up and potential tax savings. Available via RealINSIGHT Marketplace Auction: November 17th - November 19th - https://rimarketplace.com/auction/2830/reo-sale-tinley-pointe-centre-tinley-park-il

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tinley Pointe Centre

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

PARKING SPACES

215

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

B3, PD

APN/PARCEL ID

28-31-306-051-1001,28-31-306-051-1007,28-31-306-051-1024,28-31-306-051-1025,28-31-306-051-1027

ASK ABOUT THIS PROPERTY

Alis Babi, CCIMNAI FarbmanMore Info
248-351-4370

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Alis Babi, CCIMNAI FarbmanMore Info
248-351-4370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.