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18421 Glen Oak Ave Lansing, IL 60438

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For Sale
$325,000

High-visibility retail & apartments, prime location.

Property size:
7,940 SF

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

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Listing Contact
William Kornblum

Listing Agency: Realty Executives Premier Illinois Listing Agent: William Kornblum

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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.
More about this property
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