18421 Glen Oak Ave Lansing, IL 60438

Property Details for 18421 Glen Oak Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 lot acres

Property size

7,940 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

30-32-305-005

APU

3032305005

Description

This exceptional multi-tenant property presents a compelling value-add opportunity in Lansing's vibrant central business district. Located on a high-visibility corner lot, the 7,940 square foot building offers a unique blend of commercial and residential space. The property comprises two retail spaces and five apartments, providing diverse income streams and potential for significant upside. One large retail space is currently available, ideal for an owner-occupier seeking a prime location or a new tenant looking to establish a presence in a bustling area. The property's strategic location offers easy access to the Fox Pointe Amphitheater, a popular local attraction, ensuring high foot traffic and visibility. Its proximity to major highways and the state line further enhances its accessibility and appeal to a wide range of potential tenants and customers. This is a rare chance to acquire a well-positioned property with strong potential for rental income and appreciation. The building's existing structure provides a solid foundation for immediate income generation, while the available retail space offers the opportunity to enhance the property's value through lease-up or owner-occupancy. This is an excellent investment opportunity for those seeking a diversified portfolio with strong potential for growth in a desirable location. The property is situated on a 0-acre lot. The asking price is $325,000.

Location Insight

City

Lansing

County

Cook

State

Illinois

Longitude

-87.5329

Latitude

41.5641

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments