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    3431 Ridge Rd Lansing, IL 60438

    Sponsored
    For Sale
    $99,900

    Affordable Downtown Lansing Retail Building

    Property size:
    1,218 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This 1,218 square foot retail storefront at 3431 Ridge Road in Lansing, Illinois presents a fantastic opportunity for business owners. Located on a heavily trafficked section of Ridge Road in downtown Lansing, the building boasts large storefront windows providing excellent visibility. The property is in excellent condition, featuring a less-than-one-year-old tear-off roof and a newer hot water heater (approximately 3 years old). The interior offers a wide-open space ideal for retail or office use, complete with a built-in checkout counter. Additional features include a private office, a storage room, and a mechanical room equipped with a utility sink and extra water hookups. An unfinished basement provides ample additional storage. Private parking is conveniently located behind the building. The CBD zoning allows for a diverse range of uses, including personal and professional services, restaurants, bars, professional offices, dental or medical offices, schools, art studios, and art galleries. Priced at $99,900, this property offers a unique chance to own your own building and operate your business for less than the cost of renting. This is a turn-key operation ready for your business to thrive.

    Property Features for 3431 Ridge Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,218 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    J’dejean Beauty Lounge Spa J'DEJEAN FASHION CAFE Clothing Store Salon Voltaire Beauty Salon

    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
    -87.53313
    Latitude
    41.56432

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    FAQs

    What type of property is this?
    Commercial real estate - Affordable Downtown Lansing Retail Building
    Where is this commercial real estate located?
    The property is located at 3431 Ridge Rd Lansing, IL.
    What is the asking price?
    The asking price for this property is $99,900.
    (708) 798-1111
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    3431 Ridge Rd 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
    3431 Ridge Rd Lansing, IL 60438
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