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3513 Ridge Rd Lansing, IL 60438

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For Sale
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Downtown Lansing commercial building, high occupancy.

Property size:
15,961 SF

Property 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

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Listing Contact
Olivia Wirth
Olivia Wirth

Listing Agent: Olivia Wirth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

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
-87.531833481665
Latitude
41.564321024963

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.
(312) 770-0119 Call to check price and availability
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