Chase Bank NNN Investment
For Sale
Contact for pricing
16767 Torrence Ave, Lansing, IL
NNN leased Chase Bank investment property for sale.
Property Size4,214 SF
Lot Size34.60 Acres
Price / SF$531.80
Days on Market462
Property Features for 16767 Torrence Ave
General Information
Standard status
Active
Size
4,214 SF
Lot size
34.60 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners
(415) 231-5231
Listed By:
Jeff Gates · License #475189943
(415) 231-5231
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.1k | $24.00 |
| − Vacancy | −$7.1k | −$1.68 |
| EGI | $94.1k | $22.32 |
| − OpEx | −$23.5k | −$5.58 |
| NOI | $70.5k | $16.74 |
4,214 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$881.8K – $1.18M
NOI $70,542 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,843 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
544k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 25%
Superstores 23%
Apparel 21%
Dining 19%
Sam's Club
Superstores
126,903 visits/mo
0.4 miles
Macy's
Apparel
62,546 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
48,992 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
31,593 visits/mo
0.2 miles
Burlington
Apparel
27,773 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 $2,241,000.
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.
