17506 Chicago Ave, Lansing, IL
Newly completed self-storage facility in Chicago MSA, 84% leased.
- Added:
- Sep 16, 2025
- Days on Market:
- 269
- Last Refresh:
- May 20 at 9:36 pm
Property Features for 17506 Chicago Ave
General Information
- Standard status
- Active
- Size
- 18,742 SF
- Lot size
- 0.40 Acres
- Property subtype
- INDUSTRIAL
Listing agent Daniel Lynch (312) 543-7762
Listing office Colliers | Chicago Rosemont (312) 543-7762
Listing date Sep 16, 2025
Source Moodyscre
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 Colliers | Chicago Rosemont
HighLights
- High Occupancy: 84% leased in only 18 months.
- Newly Constructed: Completed in October 2023.
- 100% of units are climate‑controlled.
- Strong Rental Performance: Achieving tremendous rents and outperforming older REIT product.
- Security Features: Includes keypad access and 24‑hour video surveillance.
- Professional Management: On‑site professional management office with remote management capabilities.
Overview
Local Financial Insights For Self Storage
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 | $269.9k | $14.40 |
| − Vacancy | −$19.4k | −$1.04 |
| EGI | $250.5k | $13.36 |
| − OpEx | −$75.1k | −$4.01 |
| NOI | $175.3k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.5446
- Latitude
- 41.5771
