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    18421 Glen Oak Ave Lansing, IL 60438

    Sponsored
    For Sale
    $325,000

    High-visibility retail & apartments, prime location.

    Property size:
    7,940 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional multi-tenant property presents a compelling value-add opportunity in Lansing's vibrant central business district. Located on a high-visibility corner lot, the 7,940 square foot building offers a unique blend of commercial and residential space. The property comprises two retail spaces and five apartments, providing diverse income streams and potential for significant upside. One large retail space is currently available, ideal for an owner-occupier seeking a prime location or a new tenant looking to establish a presence in a bustling area. The property's strategic location offers easy access to the Fox Pointe Amphitheater, a popular local attraction, ensuring high foot traffic and visibility. Its proximity to major highways and the state line further enhances its accessibility and appeal to a wide range of potential tenants and customers. This is a rare chance to acquire a well-positioned property with strong potential for rental income and appreciation. The building's existing structure provides a solid foundation for immediate income generation, while the available retail space offers the opportunity to enhance the property's value through lease-up or owner-occupancy. This is an excellent investment opportunity for those seeking a diversified portfolio with strong potential for growth in a desirable location. The property is situated on a 0-acre lot. The asking price is $325,000.

    Property Features for 18421 Glen Oak Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,940 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.55723
    Latitude
    41.56042

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility retail & apartments, prime location.
    Where is this commercial real estate located?
    The property is located at 18421 Glen Oak Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    (219) 462-2224
    Request Owner's contact information
    18421 Glen Oak Ave Lansing, IL 60438
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    Lansing, IL 60438
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18421 Glen Oak Ave Lansing, IL 60438
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