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    19528 Burnham Ave Lansing, IL 60438

    Sponsored
    For Sale
    $350,000

    Versatile building, ideal retail/light manufacturing. High visibility, I-94/I-294 access.

    Property size:
    8,648 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 8,648 square foot commercial property at 19528 Burnham Avenue in Lansing, Illinois presents a unique investment opportunity. Its strategic location offers unparalleled access to major interstates I-94 and I-294, ensuring high visibility and convenient transportation for both employees and customers. Currently utilized as retail space, the building's adaptable design allows for a multitude of uses, making it perfect for retail businesses, light manufacturing operations, or a combination of both. The property can be used as a single large unit or easily divided into three separate spaces, each offering ample room for individual businesses. Significant storage space is available throughout the building, complemented by a large showroom area and substantial room for expansion. Three exterior overhead doors provide convenient loading and unloading capabilities. A substantial parking lot located at the rear of the building offers ample parking for customers and employees. Further enhancing the property's functionality is a barn situated at the back, providing additional storage or workspace. The roof was resurfaced approximately four years ago, ensuring long-term structural integrity. This property represents a rare opportunity to acquire a versatile commercial space in a prime location with significant potential for growth and profitability.

    Property Features for 19528 Burnham Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,648 SF

    Building Details

    Year Built
    1952
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.53937
    Latitude
    41.55602

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, ideal retail/light manufacturing. High visibility, I-94/I-294 access.
    Where is this commercial real estate located?
    The property is located at 19528 Burnham Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    (773) 599-9537
    Request Owner's contact information
    19528 Burnham 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
    19528 Burnham Ave Lansing, IL 60438
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