Listing provided courtesy of Newlife Realty LLCMREDas Distributed by MLSGrid- MLS# 12429512MLS Provider

16650 Oak Park AvenueTinley Park, IL 60477

Commercial · 6,841 Sq. ft.
$950,000 Active

16650 Oak Park Avenue Overview

Time on Site:
339 days
Visits:
17

Location, location, location! Located in the prime downtown Tinley Park area at Oak Park Ave, this commercial property is strategically positioned in a high-traffic zone near 167th Street and Oak Park Avenue. It is adjacent to Tinley Park's historic downtown district, surrounded by a vibrant mix of retail, dining, and service-oriented businesses that create a thriving commercial atmosphere. Its strategic location offers excellent connectivity, with proximity to the Metra commuter rail's Tinley Park station (Rock Island Line), providing seamless access to downtown Chicago (approximately 23.5 miles away) and ensuring steady commuter traffic. Additionally, the property benefits from easy highway access via major interstates like I-80 and I-57, enabling efficient logistics and customer reach to Chicago's southern areas and surrounding suburbs within 30 minutes. This commercial building currently houses two thriving businesses: Smoke Hub-a popular smoke shop offering premium tobacco, vapes, and accessories; next to it stands a well-decorated nail salon** called** Vivid Nails. The building includes 37 parking spaces divided between its front and back; the back parking lot is semi-enclosed for better privacy, while ample front parking allows your clients to enjoy a comfortable shopping experience. The area attracts a diverse clientele, with these businesses receiving glowing reviews for their cleanliness, competitive pricing, and central location, reflecting strong commercial appeal and steady foot traffic. Tinley Park's affluent demographic, with household income above Illinois' average level, and its proximity to major attractions like the Hollywood Casino Amphitheatre (just 8 minutes away from Credit Union 1 Amphitheatre-originally known as World Music Theatre and formerly called New World Music Theatre, Tweeter Center, First Midwest Bank Amphitheatre, and Hollywood Casino Amphitheatre) further enhance the property's investment potential. This outdoor music venue, one of the largest in the Chicago area, brings our building many potential opportunities! This free-standing commercial building includes four spaces with four addresses: 16644, 16646, 16648, and 16650. It is an ideal choice for retail or service-oriented businesses seeking visibility and growth in a dynamic, high-demand neighborhood! Come make this your own business kingdom!

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16650 Oak Park Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,841
  • Price/Sq.ft. $139

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net
  • Net Operating Income: 0

Building Information

  • Year Built: 0

Business Information

  • Business Type: Retail

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Tinley Park
  • Township: Bremen

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Insurance, Scavenger, Sewer

Tax Information

  • Tax Annual Amount: $49,611.00
  • Tax Year: 2023

General Information

  • Parcel Number: 28193000190000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6841

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Flooring: Concrete
  • Leasable Area: 6841
  • Stories: 1

Unit Information

  • Unit SqFt.: 6841

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 266X100
  • Lot Size Square Feet: 26716

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 3

16650 Oak Park Avenue Neighborhood

Community

60477 (TINLEY PARK) Demographics

39
Median Age
2,885
Population Density (per sq. mile)
43%
College Educated
$73,959
Estimated Median Income
12,323
Estimated Total Home Owners
3,012
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16650 Oak Park Avenue Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16650 Oak Park Avenue Market Data

Based on the last 30 days in this zip code

$362,328
Average List Price
$209
Average Price per Square Foot
61
Properties Sold
44
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

16650 Oak Park Avenue History

Date Event Value Agent
9/7/2025Source: MRED Status Change
Active
9/2/2025Source: MRED Status Change
Re-activated
7/31/2025Source: MRED Status Change
Contingent
7/31/2025Source: MRED Added to Database
July 25, 2025
7/31/2025Source: MRED Status Change
Active