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    17591 Paxton Ave Lansing, IL 60438

    Sponsored
    For Sale
    $775,000

    Three-unit flex warehouse, great investment.

    Property size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 17591 S Paxton Ave, Lansing, IL 60438, presents a compelling investment opportunity or a turnkey solution for your business. The 7,500 square foot building, classified as Class B, sits on an 80,295 square foot lot and is zoned for industrial use. The property features three units, each with its own private entrance, offering flexibility for multiple tenants or a single large operation. The building includes two loading docks, two reception areas, ample washrooms, a conference room, and a kitchen. The layout is adaptable, with a spacious warehouse area and two offices, allowing for diverse business uses. The property boasts two overhead doors, providing easy access for loading and unloading. Convenient access to major expressways and county roads ensures efficient logistics. Ample on-site parking is available for employees and clients. The asking price is $775,000, with a price per unit of $258,333.33. This well-maintained, free-standing brick building offers immediate occupancy and significant long-term potential. The gross lease structure simplifies management. This is a multi-tenant property with a single story.

    Property Features for 17591 Paxton Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    1,100 SF
    Class
    B

    Building Details

    Stories
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -87.5681787
    Latitude
    41.5750146

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    FAQs

    What type of property is this?
    Distribution property - Three-unit flex warehouse, great investment.
    Where is this distribution property located?
    The property is located at 17591 Paxton Ave Lansing, IL.
    What is the asking price?
    The asking price for this property is $775,000.
    Request Owner's contact information
    17591 Paxton Ave 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
    17591 Paxton Ave Lansing, IL 60438
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