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Property profile & analytics
OFF-MARKET Estimated value $2,850,000
Community centers

17643 Torrence Ave Lansing, IL 60438-4839

Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US28-4634793
Property summary
AI-generated overview

This exceptional retail opportunity presents two available spaces, ranging from 1,200 to 2,400 square feet, within a 46,738-square-foot building situated on a 12.64-acre lot in Lansing, Illinois. The property, built in 1990 and zoned Community Retail & Service B-2, benefits from a prime location in a Walmart outlot, enjoying excellent co-tenancy with Planet Fitness and Kali Beauty. A new Chick-fil-A is under construction adjacent to the property, further enhancing its appeal. This location offers unparalleled visibility and accessibility, situated one block from the heavily trafficked intersection of Interstate 80/94 and Torrence Avenue, boasting 43,262 vehicles per day (VPD) on Torrence Avenue and an impressive 211,708 VPD on I-80/94. Lansing, a village in Cook County with a population of 28,000 (2022 US Census), provides easy access to downtown Chicago, Indiana, and the rest of the Chicagoland area. The property's strategic location within Cook County, the second most populous county in the United States, ensures a large and readily accessible customer base. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,400 square feet

Property profile
Verified
Property type Community centers
Use group MINI-MALL
APN 30-30-305-037
UPID US28-4634793
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
  • Eyebrow Threading Studio Hair Salon Nail Salon
  • TitleMax Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.85M
Owner & transaction history
Mandour LLC · 2 yrs held
Mandour LLC
since 2023
Last sale
$2.9M
3 recorded transactions
2023
$2.9M
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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