Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3436 Ridge Road Lansing, IL 60438

    View on Map
    Claim this Listing
    New
    For Sale
    $259,000

    COMMERCIAL - Lansing, IL

    Type:Office
    Lot size:
    0.09 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 30 at 7:06 am

    Property Features for 3436 Ridge Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    30321240420000
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    11500

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    5
    Building materials
    Brick

    We can help!

    Listing Contact
    Michelle Paz

    Listing agent Michelle Paz License #471021454

    Listing office Worth Clark Realty 10 N. Martingale Rd. #4153, Schaumburg, IL

    Listing date Apr 29, 2026

    MLS# 12633371

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lansing Commercial Office Building

    This all-brick, 5-unit commercial office building is located in downtown Lansing. The property offers small, affordable office spaces suitable for independent professionals and entrepreneurs. The suites are flexible and can accommodate a variety of uses, including attorneys, accountants, insurance agents, counselors, real estate professionals, and startups. The property is suitable for owner-occupants looking to reduce business costs or investors seeking a stable, long-term investment. The lot size is 0.0882 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    State Farm Insurance Insurance Agency Sure Biometrics Fingerprinting Service The CPR Site First Aid Station Baja Enterprises Inc Construction Company Car Processing Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.532911
    Latitude
    41.5646441

    Nearby Similar for Sale

    • $429,000

      Lansing, IL Multi-Family Property

      Multi-family property for sale in Lansing, Illinois.
      2278 182nd Place, Lansing, IL 60438
      View Details
    • $529,000

      Lansing Commercial Opportunity For Sale

      Established business with real estate on high-traffic corner lot.
      19510 Burnham Avenue, Lansing, IL 60438
      View Details
    • $750,000

      Rehabbed 6-Unit Apartment Building

      Turnkey investment opportunity with renovated units and new roof.
      3069 BERNICE Road, Lansing, IL 60438
      View Details
    • $800,000

      Rehabbed Six-Unit Apartment Building

      Turnkey investment opportunity with renovated units and new roof.
      3045 BERNICE Road, Lansing, IL 60438
      View Details
    • $825,000

      Rehabbed 6-Unit Apartment Building

      Turnkey investment property with renovated units and new roof.
      3061 BERNICE Road, Lansing, IL 60438
      View Details
    • $355,000

      Lansing Commercial Property For Sale

      Commercial property in Lansing, Illinois, suitable for a mechanic workshop.
      17809 Torrence Avenue, Lansing, IL 60438
      View Details
    • $599,900

      Lansing Investment Property Package

      Single-family home and fully leased four-unit apartment in Lansing, Illinois.
      19061 Wentworth Avenue, Lansing, IL 60438
      View Details
    • $750,000
      7,560 SF

      Industrial Warehouse with Expansion Potential

      7,560 SF industrial warehouse on 4.47 acres near major highways.
      3125 Glenwood Lansing Road, Lansing, IL 60438,
      View Details
    • Contact for pricing
      11,732 SF

      Multi-Tenant Retail Strip Center

      Retail strip center with potential to lease vacant office space.
      3224 Ridge Road, Lansing, IL 60438
      View Details
    • $779,000
      15,961 SF

      Lansing Retail, Office, Warehouse Property

      Multi-tenant retail, office, and warehouse property in downtown Lansing.
      3513-3517 Ridge Road and 18241-18259 West Street, Lansing, IL 60438
      View Details
    • $800,000

      Rehabbed 6-Unit Apartment Building

      Turnkey investment property with renovated units and high rental income.
      3045 BERNICE Road, Lansing, IL 60438
      View Details
    • $750,000

      Rehabbed Six-Unit Apartment Building

      Turnkey investment opportunity with renovated units and new roof.
      3069 BERNICE Road, Lansing, IL 60438
      View Details

    FAQs

    What type of property is this?
    Office building - All-brick, 5-unit commercial office building in downtown Lansing.
    Where is this office building located?
    The property is located at 3436 Ridge Road Lansing, IL.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Prime downtown Lansing location; All‑brick, low‑maintenance building; Ideal for small business tenants (attorneys, accountants, etc.)
    (800) 991-6092
    We can help!
    Listing Contact
    Michelle Paz
    Real Estate License ID: 471021454
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!