3513 Ridge Rd Lansing, IL 60438
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Downtown Lansing commercial building, high occupancy.
Property size:
15,961 SFProperty Features for 3513 Ridge Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 15,961 SF
- Class
- C
- Lot Size
- 22,216 SF
Building Details
- Year Renovated
- 2022
- Buildings
- 1
- Stories
- 2
Listing Agent: Olivia Wirth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional multi-tenant property, located at 3513 Ridge Rd, Lansing, IL 60438, presents a compelling value-add investment opportunity. The 15,961 square foot building, situated on a 0.51-acre lot, is a Class C, two-story structure with a mix of storefront, traditional office, and warehouse space. Currently boasting 91% occupancy, the property features 16 units, housing a diverse range of tenants including Subway, a martial arts studio, a military supply store, a cleaning service, and a pet supply business. The building underwent renovations in 2022. Its prime location in downtown Lansing, along Ridge Road (the historical Main Street), offers high visibility and convenient access. Ample parking is available on the side and rear of the building. The property benefits from its proximity to major roadways including Rt 83, I-294, I-80, and I-394, as well as local amenities such as the Lansing Country Club, Lan-Oak Park, and Park Plaza. The gross lease structure and multi-tenant occupancy provide a stable income stream. This is an ideal opportunity for investors seeking a well-located, multi-use property with significant upside potential. The property's Cook County APN is 30-32-307-013-0000. The asking price is $925,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.531833481665
- Latitude
- 41.564321024963
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FAQs
What type of property is this?
Individual retail property - Downtown Lansing commercial building, high occupancy.
Where is this individual retail property located?
The property is located at 3513 Ridge Rd Lansing, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 15,961 SF retail and office space, 16 units.; 91% occupancy rate, offering value-add potential.; High visibility with frontage on Ridge Road and West Street.