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    3224 Ridge Rd Lansing, IL 60438

    For Lease
    $14 SF/Yr ($14,448 /Mo)

    Prime Lansing office space, 974-1,950 sq ft.

    Lot size:
    11,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 3224 Ridge Rd, Lansing, IL 60438, offers a versatile space ideal for various office uses. The two-story building, constructed in 1990 and extensively renovated in 2020, boasts 11,723 total square feet, with 1,950 square feet currently vacant and available for lease. The minimum divisible space is 974 square feet, allowing for flexibility in tenant needs. The property features a mix of retail space on the ground floor and office space above, providing a convenient and accessible location. The second floor has undergone a complete update, including new paint, carpet, HVAC units, windows, and LED lighting. Security features include a camera system and a key fob access system. Ample parking is available with 65 spaces, including two dedicated lots, providing convenient access for tenants and their clients. A passenger elevator ensures easy access to the second-floor offices. The property is zoned B-4 and sits on a highly trafficked section of Ridge Road in downtown Lansing, offering excellent visibility and accessibility. The Cook County property (APN: 30321160360000) has a tax cost per square foot of $10.31.

    Property Features for 3224 Ridge Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,723 SF
    Total Rate
    14448.6

    Building Details

    Year Built/Renovated
    1990/2020
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor Ste 202
    Size
    974 SF
    Rate per SF
    $14

    HighLights

    • Newly renovated second‑floor offices featuring remodeled bathrooms, fresh paint, new windows, and LED lighting.
    • New HVAC units throughout the building.
    • Dedicated parking lot for second‑floor office tenants.
    • Passenger elevator providing convenient access to the second floor.
    • Building security system with camera and key fob access.
    • Excellent location minutes from expressway access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Holistic Hair Rejuvenation Hair Replacement Service KP + J Architects ... Architecture Firm Foot Health Institute: ... Podiatrist Lisa Politza, OD Optometrist Chicago's Chicken Shack- ... Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.5386291
    Latitude
    41.5651801

    Nearby Similar for Lease

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      Retail Space in Cook County

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    FAQs

    What type of property is this?
    Restaurant - Prime Lansing office space, 974-1,950 sq ft.
    Where is this restaurant located?
    The property is located at 3224 Ridge Rd Lansing, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated second-floor offices featuring remodeled bathrooms, fresh paint, new windows, and LED lighting.; New HVAC units throughout the building.; Dedicated parking lot for second-floor office tenants.
    Request Owner's contact information
    3224 Ridge Rd 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
    3224 Ridge Rd Lansing, IL 60438
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