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    16767 Torrence Ave Lansing, IL 60438

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    For Sale
    $2,500,000

    NNN leased Chase Bank investment property for sale.

    Property size:
    4,214 SF
    Lot size:
    34.60 Acres

    Property Features for 16767 Torrence Ave

    General Information

    Size
    4,214 SF
    Lot size
    34.60 Acres

    Source: SRS Real Estate Partners Agent Jeff Gates

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

    Overview

    Chase Bank NNN Investment Property

    This property is an absolute NNN leased Chase Bank investment property. The property size is 4,214 square feet and is located on Torrence Ave in Lansing, IL. This property can be categorized as a bank, individual retail property, retail property, NNN property, or specialty property.
    Location Intelligence

    Current Use by Public Records

    Chase Bank Bank Chase Mortgage Mortgage Lender Chase ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -87.5579875
    Latitude
    41.5917847

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    FAQs

    What type of property is this?
    Bank - NNN leased Chase Bank investment property for sale.
    Where is this bank located?
    The property is located at 16767 Torrence Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy a hands-off investment with zero landlord responsibilities.; - Leased Fee (Land Ownership): Own the land, a tangible and appreciating asset.; - Chase Bank Investment Property: Secure your investment with a nationally recognized tenant.
    (415) 231-5231
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    16767 Torrence 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
    16767 Torrence Ave Lansing, IL 60438
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