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Mixed-Use Income Property
For Sale
$219,500

2936 Bernice Rd, Lansing, IL 60438

Mixed-use building with two office spaces and two one-bedroom apartments, currently producing rental income.

Property Size2,960 SF
Price / SF$74.16
Days on Market94

Property Features for 2936 Bernice Rd

General Information

Standard status Active
Size 2,960 SF

Additional Details

Multifamily Units 2

Building Details

Year Built 1973
Listing Agency: Berkshire Hathaway HomeServices Executive Realty
Listed By: James Samuelson · License #471021864
Source: Liveliferealty
Added: Jul 21 Changed: Oct 16 Last Checked: Oct 21 at 12:58AM

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 Berkshire Hathaway HomeServices Executive Realty

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Investment Insights

Based on property information with market context.

This mixed-use property includes two large office spaces currently rented as one unit, along with two 1-bedroom apartments. The building is described as well-maintained and in good condition. It is positioned to support both continued tenancy and potential future updates depending on an owner’s goals.

Located at 2936 Bernice Rd in Lansing, IL, the property is presented as convenient to shopping, dining, essential services, and major thoroughfares, supporting day-to-day accessibility for commercial and residential occupants.

The current configuration provides a combined income profile from office and residential components within the same building.

Key Highlights

  • Mixed‑use building built in 1973 with two office spaces and two 1‑bedroom apartments
  • Currently producing rental income with two office spaces rented as one combined space
  • Includes two 1‑bedroom apartments, each providing separate residential units

Property Analytics

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Current Use

A T Business Solutions ... Tech Support Center

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

300
Businesses Nearby

Demographics for 60438, IL

29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with two office spaces and two one-bedroom apartments, currently producing rental income.
Where is this mixed-use property located?
The property is located at 2936 Bernice Rd Lansing, IL.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Mixed‑use building built in 1973 with two office spaces and two 1‑bedroom apartments; Currently producing rental income with two office spaces rented as one combined space; Includes two 1‑bedroom apartments, each providing separate residential units
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