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Property profile & analytics
OFF-MARKET
Lifestyle centers

16837-16839 Torrence Ave Lansing, IL 60438

8,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 8,000-square-foot freestanding retail building presents a unique investment opportunity in Lansing, Illinois. Situated at 16837-16839 Torrence Avenue, this single-story property boasts excellent visibility and high traffic counts, with Torrence Avenue seeing 22,200 vehicles per day. The building is part of The Landings Shopping Center, offering convenient access and synergy with established businesses. The property comprises two units within a single building, providing flexibility for various retail uses. Its strategic location offers easy access to major transportation arteries, including Interstates 94 and 294, ensuring convenient access for customers and employees. Furthermore, its proximity to River Oaks Shopping Mall, less than one mile away, provides additional exposure to a large consumer base. The property's zoning allows for a variety of uses, and its potential as a cannabis dispensary location is a significant advantage in the current market. This is a rare opportunity to acquire a well-located, high-visibility retail property with significant growth potential. The 8,000 square feet of net rentable space offers ample room for a variety of retail concepts. This property is ready for immediate occupancy and presents a compelling investment opportunity for discerning buyers.

Property profile
Verified
Property type Lifestyle centers
Total area 8,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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