18058 Torrence Ave, Unit 201 Lansing, IL 60438-2134
Property profile & analytics
18058 Torrence Ave, Unit 201 Lansing, IL 60438-2134
- Auto shops
- 0.28 lot acres
Property ID
US28-1276055
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Besse Shirt Lettering & Athletic Apparel / Screen Printing Shop / Custom T-Shirt Store
Property Details for 18058 Torrence Ave
- Year built
- 1929
- Lot size
- 0.28 lot acres
- Property type
- Auto shops
- APN
- 29-36-206-008
- APU
- 2936206008
Description
This exceptional multi-tenant property, located at 18058 Torrence Avenue in Lansing, Illinois, presents a compelling value-add opportunity. Situated on a highly visible corner lot at the intersection of Torrence Avenue and Indiana Avenue, this property boasts a significant daily traffic count of 30,000 vehicles. The property comprises two distinct units. Unit 1 offers a substantial 4,802 square feet, including 2,254 square feet of street-level storefront/office space on Torrence Avenue and 2,548 square feet of warehouse space featuring an overhead door. A sizable 1,800-square-foot basement provides additional storage or expansion potential. Unit 2 encompasses 2,450 square feet, with 735 square feet dedicated to office space and 1,715 square feet of warehouse space equipped with a 14-foot overhead door. A 540-square-foot mezzanine adds extra versatility. The property includes a fenced-in rear lot accessible from Unit 2. This prime location benefits from proximity to established businesses such as Starbucks, Taco Bell, Chipotle, and Lan Oak Liquors, ensuring high visibility and potential for strong tenant occupancy. The total building size is 7,252 square feet, and the property is offered at $125,000. This presents a rare chance to acquire a well-positioned multi-tenant property with significant upside potential in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.5593
- Latitude
- 41.5667
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$55,976
$21,350
$64,779
$86,129
-
$85,400
$259,116
$344,516
