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
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