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7301 183rd Street

Marcus & Millichap Arranges $5.8 Million Sale Of Retail Center In Tinley Park, IL
SOLDRetail

Marcus & Millichap Arranges $5.8 Million Sale Of Retail Center In Tinley Park, IL

7301 183rd Street

$5,800,000

Building Size

Asset Type

Retail

Closing

Mar 17, 2025

AI

The property involved in this transaction is a retail center located at 7301 183rd Street in Tinley Park, IL. The asset spans 3.5 acres and was sold for $5,800,000. This retail center comprises 11 suites and is anchored by well-known establishments, Buffalo Wild Wings and Pop’s Italian Beef.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Address: 7301 183rd Street
  • Market: Tinley Park
  • Acres: 3.5

Adrian Mendoza, Sean Sharko, and Austin Weisenbeck from Marcus & Millichap represented the seller in this transaction. Additionally, Dean Giannakopoulos, also from Marcus & Millichap Capital Corp, arranged $4,100,000 in financing for the buyer, identified as a California-based investor.

Players

Adrian Mendoza

Marcus & Millichap

Broker

$215.1M

vol

27 deals

Broker
Dean Giannakopoulos

Dean Giannakopoulos

Marcus & Millichap

Lender

$119.1M

vol

16 deals

Lender

Tinley Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93