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Property profile & analytics
OFF-MARKET
Industrial properties

18418 Wentworth Ave Lansing, IL 60438-3345

0.6 ac lot Built 1940
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US28-2778940
Property summary
AI-generated overview

This exceptional 11,500 square foot manufactured flex building presents a unique investment opportunity in Lansing, Illinois. Strategically located on a high-traffic corner lot, this property boasts five distinct units, each offering versatile space for a variety of businesses. Unit one includes a showroom, office space, seven storage rooms, a kitchen area, a private bathroom, and central air conditioning. Unit two features a 14-foot overhead door, a 29 x 47 foot workshop area, and a private bathroom. Unit three provides ample storage space. Unit four offers a laundry area, office space, and a private bathroom. The impressive Unit five includes a crane, a 14-foot overhead door, 24-foot ceilings, and a 22 x 178 foot office area, complemented by two additional back overhead doors. The property also includes a convenient front open parking lot and a fenced-in rear lot, providing ample space for both employees and customers. A pleasant garden area adds to the property's appeal. The property is zoned for manufacturing and is situated within the Tift District, offering excellent access to transportation and local amenities. This multi-unit building presents endless possibilities for investors seeking a high-return property in a prime location. The combination of versatile units, ample parking, and strategic location makes this an exceptional opportunity.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1940
Lot 0.6 ac (26,092 SF)
APN 30-32-315-048
UPID US28-2778940
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Greenway Bikehouse (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joanne Bertalan · 7 yrs held
Joanne Bertalan
since 2019
3 recorded transactions
2019
Price N/A
2009
$4,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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