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    17506 Chicago Ave Lansing, IL 60438

    For Sale
    $3,500,000

    Newly completed self-storage facility in Chicago MSA, 84% leased.

    Property size:
    18,742 SF
    Lot size:
    0.40 Acres

    Property Features for 17506 Chicago Ave

    General Information

    Size
    18,742 SF
    Lot size
    0.40 Acres

    Source: Colliers | Chicago Rosemont Agent Daniel Lynch

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

    Overview

    Lansing Self Storage For Sale

    Lansing Self Storage, located in the Chicago IL MSA, is offered for sale. This single-story conversion was completed in October 2023 and features 229 units, totaling 18,742 net rentable square feet. The facility is 84% leased in 18 months. The facility features 100% climate-controlled units. It operates as Remote Managed, but has an on-site professional management office, full security, keypad access, and 24-hour video surveillance. The subject facility is achieving tremendous rents and is outperforming the older REIT product.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service Lansing Self Storage Self-Storage Facility

    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
    -87.5446228
    Latitude
    41.5770571

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    FAQs

    What type of property is this?
    Self storage facility - Newly completed self-storage facility in Chicago MSA, 84% leased.
    Where is this self storage facility located?
    The property is located at 17506 Chicago Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - High Occupancy: 84% leased in only 18 months.; - Newly Constructed: Completed in October 2023.; - 100% of units are climate-controlled.
    (312) 543-7762
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    17506 Chicago Ave 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
    17506 Chicago Ave Lansing, IL 60438
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