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    16771-16797 Torrence Ave Lansing, IL 60438

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    For Lease
    $22 SF/Yr

    Retail property with anchor, in-line, and outparcel availabilities.

    Property size:
    128,466 SF
    Lot size:
    34.60 Acres

    Property Features for 16771-16797 Torrence Ave

    General Information

    Size
    128,466 SF
    Lot size
    34.60 Acres

    Source: Mason Asset Management - Corporate Agent Igal Nassim

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

    Overview

    Retail Space in Cook County

    This retail property is located in Cook County and offers convenient access from I-94. The property has a gross leasable area of 613,464 square feet. Availabilities include anchor, in-line, and outparcel spaces. Traffic count is 25,907 vehicles per day on Torrence Avenue. Current tenants include Burlington, Forman Mills, Dollar Tree, Family Dollar, and Chase Bank. The property size is 128,466 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    Coin Time Bitcoin ATM, River Place Shopping Center, Landings, Market Square, River Oaks Shopping Center.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.5544076
    Latitude
    41.5919962

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    FAQs

    What type of property is this?
    Shopping center - Retail property with anchor, in-line, and outparcel availabilities.
    Where is this shopping center located?
    The property is located at 16771-16797 Torrence Ave Lansing, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High Visibility: Located on Torrence Ave. with 25,907 VPD.; - Sizeable GLA: Offers a substantial 613,464 SF of Gross Leasable Area.; - Accessibility: Provides easy access from I-94.
    (516) 371-5858
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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
    16771-16797 Torrence Ave Lansing, IL 60438
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