16837-16839 Torrence Ave Lansing, IL 60438
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.