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    18241 West St Lansing, IL 60438

    Sponsored
    For Lease
    $21 SF/Yr

    Downtown Lansing office space, flexible sizes.

    Lot size:
    15,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This two-story, 15,961-square-foot office building in downtown Lansing, Illinois offers a variety of spaces to suit your business needs. Located at 18241 West Street, this Class C property underwent renovations in 2022 and features multiple tenancy options, with suites ranging from a minimum of 150 square feet to a maximum contiguous space of 1,250 square feet. The building sits on a 0.51-acre lot and is conveniently located in Cook County, zip code 60438. The property offers a blend of traditional office, executive office, and coworking spaces, making it suitable for a range of businesses. Its prime location along West Street provides high visibility and easy access, complemented by ample side and rear parking. The area boasts a variety of dining, retail, and recreational options, including proximity to the Lansing Country Club, Lan-Oak Park, Park Plaza, and Fox Pointe. Furthermore, its strategic location offers easy access to major roadways including Route 83, I-294, I-80, and I-394, ensuring convenient commutes for employees and clients. The building is situated in a thriving commercial area, alongside established businesses such as Subway, a martial arts studio, a military supply store, a cleaning service, and a pet store. This presents an excellent opportunity to establish your business in a vibrant and well-connected location.

    Property Features for 18241 West St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,961 SF
    Class
    C
    Total Rate
    28370.68

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    205
    Size
    900 SF
    Rate per SF
    $21

    HighLights

    • 150‑900 SF Office Suite Available
    • Full‑Service Office Space with Open Floor Plan
    • Prime Location at Ridge Road & West Street Intersection
    • Convenient On‑Site Parking
    Property Profile Location Intelligence

    Current Use by Public Records

    tasty delite Wholesaler Kerry Corporation-USA Computer Store Righteous Hearts Home ... Home Health Care Service Righteous Hearts CPR ... Training Centre Triune Health Care ... Education Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.531930382394
    Latitude
    41.564214651846

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    FAQs

    What type of property is this?
    Coworking space - Downtown Lansing office space, flexible sizes.
    Where is this coworking space located?
    The property is located at 18241 West St Lansing, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 150-900 SF Office Suite Available; Full-Service Office Space with Open Floor Plan; Prime Location at Ridge Road & West Street Intersection
    Request Owner's contact information
    18241 West St 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
    18241 West St Lansing, IL 60438
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