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Property profile & analytics
OFF-MARKET Estimated value $90,000
Auto shops

18058 Torrence Ave 201 Lansing, IL 60438-2134

0.28 ac lot Built 1929
Entity Owned 4-yr Hold Free & Clear
Property ID
US28-1276055
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1929
Lot 0.28 ac (12,200 SF)
APN 29-36-206-008
UPID US28-1276055
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
  • Besse Shirt Lettering & Athletic Apparel Custom T-Shirt Store Embroidery Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k
Owner & transaction history
Torrence Wine & Spirits INC · 4 yrs held
Torrence Wine & Spirits INC
since 2021
Last sale
$107,000
3 recorded transactions
2021
$107,000
2010
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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