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    16700 Chicago Ave Lansing, IL 60438

    Sponsored
    For Sale
    $549,999

    High-Visibility Industrial Building, Excellent Access

    Property size:
    5,575 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 5,575 square foot industrial property in Lansing, IL, presents a compelling investment opportunity. Strategically located near the I-80/94 corridor and regional intermodal facilities, this property boasts unparalleled accessibility and visibility. The building itself is a well-maintained metal structure, offering ample space for various business operations. Situated on a 0.7-acre lot (partially fenced, approximately 13,000 square feet), the property provides ample room for expansion or outdoor storage. The building includes functional office space equipped with an efficient heating system. The property's attractive tax assessment offers potential for future reduction. Adding to its appeal, the property's proximity to recreational amenities such as tennis courts and a baseball field provides employees with convenient access to leisure activities. The property is being sold as-is, allowing for immediate occupancy and customization to suit specific business needs. This prime location, combined with the building's functional design and attractive tax situation, makes this an exceptional opportunity for businesses seeking a strategic and convenient location. The property's size and accessibility make it suitable for a wide range of industrial uses. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 16700 Chicago Ave

    General Information

    Property type
    Investment properties
    Square Feet
    5,575 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Lansing Old Timers ... Baseball

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.54308
    Latitude
    41.59171

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    FAQs

    What type of property is this?
    Investment property - High-Visibility Industrial Building, Excellent Access
    Where is this investment property located?
    The property is located at 16700 Chicago Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $549,999.
    (630) 216-8000
    Request Owner's contact information
    16700 Chicago 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
    16700 Chicago Ave Lansing, IL 60438
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