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Property profile & analytics
OFF-MARKET Estimated value $4,875,000
Retail space

17030 Torrence Ave Lansing, IL 60438

0.9 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US28-1731841
Property summary
AI-generated overview

This Class A, 25,461 square foot executive office building in Lansing, Illinois, offers multiple tenancy options with a minimum divisible space of 4,000 square feet and up to 25,461 contiguous square feet currently available. Built in 1986, the property boasts 22-foot ceilings and ample parking with 150 spaces. Situated on a 3.08-acre lot, it benefits from a B3 zoning designation. The building enjoys a prime location on Torrence Avenue, a major retail corridor with over 29,000 vehicles passing daily. This strategic location provides convenient access to the interchange of I-80 and I-94, sharing a parking lot and cross-access with a Walmart Supercenter. The property's strong tenant mix includes national brands such as Planet Fitness, Sprint, AT&T, Dunkin', Wingstop, T-Mobile, Subway, McDonald's, Jiffy Lube, and several gas stations and car dealerships. Additional features include one dock and a one-acre parcel available for ground lease. A 12-year tax abatement further enhances the investment potential. This exceptional property presents a rare opportunity for businesses seeking high-visibility space in a thriving retail environment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Lot 0.9 ac (39,291 SF)
APN 29-25-201-010
UPID US28-1731841
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
  • Waddie Ann Events and Venue Hotel & Motel Resort
  • Effin Egg Restaurant
  • Frida’s Hairbraiding Hair Salon
  • Mingles Bar & Grill LLC Restaurant
  • JZ Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.88M
Owner & transaction history
Va22 Lansing LLC · 3 yrs held
Va22 Lansing LLC
since 2023
Last sale
$5.0M
6 recorded transactions
2023
$5.0M
2015
$3.0M
2012
$1.8M
2006
$4.7M
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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