REO Sale: NNN Retail Condo | Tinley Park, IL (Chicago MSA)

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
• Positive cash flow with 7500+ SF to lease, giving the new owner long-term upside

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2830/reo-sale-nnn-retail-condo-tinley-park-il-chicago-msa-?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2830

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.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: