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Property profile & analytics
OFF-MARKET
Retail space
16901 Torrence Ave 19 Lansing, IL 60438-1013
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0368752
Property summary
AI-generated overview
Torrence Commons, located at 16901 Torrence Ave in Lansing, Illinois (Cook County, zip code 60438), offers exceptional retail space for lease. This multi-tenant property boasts a total of 22,315 square feet, with two available suites. Individual suite sizes range from a minimum of 2,435 square feet to a maximum contiguous space of 2,932 square feet
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Lot
1.57 ac (68,389 SF)
APN
30-19-301-016
UPID
US28-0368752
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
Current use
Occupant on record · Public records
-
Stop N Go Convenience, Kratom, THC, Vape & Tobacco Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shopping Center Tc LLC · 4 yrs held
Shopping Center Tc LLC
since 2022
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$93,424
Tax year 2022
Assessed value
$143,749
Assessed 2022
Previous assessed
$155,953
-7.8% YoY
Effective rate
64.99%
On assessed value
Assessed land
$119,500
Assessed improvement
$24,249
Land market value
$478,000
Improvement market value
$96,996
Total market value
$574,996
Applied tax rate
37,072.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Lot
1.57 ac (68,389 SF)
APN
30-19-301-016
UPID
US28-0368752
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Shopping Center Tc LLC
Entity
Mailing address
9305 S OCTAVIA AVE, BRIDGEVIEW, IL 60455-2109
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
—
Shopping Center Tc LLC
Lansing Center LLC
Quit Claim Deed
related
—
Feb 1, 2022
—
Business Park 169 LLC
Lansing Center LLC
Intrafamily Transfer
related
—
Jan 29, 2021
$400,000
Lansing Center LLC
Torrence Holdings LLC
Warranty Deed
—
Aug 25, 2015
—
Torrence Holdings LLC
Patel,jesal B
Quit Claim Deed
related
—
Jul 27, 2015
—
Jesal Patel
Trust 107252-08
Grant Deed
related
—
Sep 23, 2014
—
Torrence Holdings LLC
—
Trustees Deed
related
$650,000 · Centier Bk
Jun 1, 2006
—
Torrence Holdings LLC
—
Deed Of Trust
related
$9,500,000 · National City Bank Midwest
Sep 8, 2005
—
Torrence Holdings LLC
Patel,jesal B
Quit Claim Deed
related
$1,400,000 · National City Bank Midwest
Aug 7, 2001
$3,030,000
Jesal Patel
Lasalle Bank NA Trustee
Grant Deed
$2,400,000 · National City Bank Michigan/il
—
—
Torrence Holdings LLC
—
Deed Of Trust
related
$1,235,000 · Halo Group LLC
—
—
Torrence Holdings LLC
—
Deed Of Trust
related
$3,750,000 · Sovereign Bank
—
—
Torrence Holdings LLC
—
Deed Of Trust
related
$3,750,000 · Sovereign Bank
—
—
Jesal Patel
—
Deed Of Trust
related
$1,450,000 · Mutual Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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