Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3513 Ridge Rd Lansing, IL 60438

    Sponsored
    For Sale
    $925,000

    Downtown Lansing commercial building, high occupancy.

    Property size:
    15,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • 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.
    • Ample off‑street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    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
    -87.531833481665
    Latitude
    41.564321024963

    Nearby Similar for Sale

    • $4,750,000
      4.88 Acres

      Lansing Trucking Terminal For Sale

      Trucking terminal on 4.88 acres with 130 trailer stalls.
      17735 Chappel Ave, Lansing, IL 60438
      View Details
    • $385,000
      0.11 Acres

      Lansing Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial units for sale.
      3601 Ridge Rd, Lansing, IL 60438
      View Details
    • $725,000
      0.18 Acres

      Remodeled Lansing Commercial Property

      Remodeled bar/restaurant with apartment and outdoor patio.
      3323 Ridge Rd, Lansing, IL 60438
      View Details
    • $569,000

      Established Business Opportunity in Lansing

      Generational business for sale with equipment and goodwill included.
      19510 Burnham Ave, Lansing, IL 60438
      View Details
    • $189,900

      Lansing Two-Unit Income Property

      Two-unit residential income property in downtown Lansing.
      3627 Ridge Rd, Lansing, IL 60438
      View Details
    • $355,000
      0.14 Acres

      Lansing Commercial Property For Sale

      Commercial property ideal for mechanic workshop with parking.
      17809 Torrence Ave, Lansing, IL 60438
      View Details
    • $259,900
      0.09 Acres

      Lansing Commercial Office Building

      Five-unit commercial office building in downtown Lansing, Illinois.
      3436 Ridge Rd, Lansing, IL 60438
      View Details
    • $750,000
      7,560 SF

      Industrial Warehouse with Expansion Potential

      7,560 SF industrial warehouse on 4.47 acres near major highways.
      3125 Glenwood Lansing Rd, Lansing, IL 60438
      View Details
    • $164,900

      Spacious Condo with Water Views

      Charming condo with pond and lake views from private balcony.
      3640 186Th St, Lansing, IL 60438
      View Details
    • $3,500,000
      18,742 SF

      Lansing Self Storage For Sale

      Newly completed self-storage facility in Chicago MSA, 84% leased.
      17506 Chicago Ave, Lansing, IL 60438
      View Details
    • $2,500,000
      4,214 SF

      Chase Bank NNN Investment Property

      NNN leased Chase Bank investment property for sale.
      16767 Torrence Ave, Lansing, IL 60438
      View Details
    • $1,800,000
      1,726 SF

      Retail Property in Lansing, IL

      Retail property available for sale in Lansing, Illinois.
      18000 Torrence Ave, Lansing, IL 60438
      View Details

    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.
    Request Owner's contact information
    3513 Ridge Rd Lansing, IL 60438
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3513 Ridge Rd
    Lansing, IL 60438
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3513 Ridge Rd Lansing, IL 60438
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.