Financial
Distress signals
Property profile

16831 Torrence Ave Lansing, IL 60438

OFF-MARKET
Grocery and convenience stores
Property ID
US28-0984020
2.68 ac lot Built 1985
Last sale Sep 2023
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail shopping center located in Cook County with convenient access to I-94. The center contains 613,464 square feet of gross leasable area (GLA) and includes a mix of anchor spaces, in-line retail spaces, and outparcel spaces. The shopping center is positioned along Torrence Avenue with a reported traffic count of 25,907 vehicles per day. Tenancy history includes retailers and financial services such as Burlington, Forman Mills, Dollar Tree, Family Dollar, and Chase Bank,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$662k
Tax billed · 2022
Assessed value$1.02M
Assessed land$205k
Assessed improvement$814k
Effective rate64.99%

Value estimate

· Sep 2026
$555k
$500k – $611k
AI approach$555k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.1
Law Firm15.8
Garden Center12.9

Location

16831 Torrence Ave Lansing, IL 60438-6019
County assessor Recorded deeds · 3 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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