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    OFF-MARKET
    Industrial properties

    18418 Wentworth Ave, Lansing, IL 60438-3345

    0.6 ac lot Built 1940
    Individually Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2778940
    Property summary
    AI-generated overview

    This exceptional 11,500 square foot manufactured flex building presents a unique investment opportunity in Lansing, Illinois. Strategically located on a high-traffic corner lot, this property boasts five distinct units, each offering versatile space for a variety of businesses. Unit one includes a showroom, office space, seven storage rooms, a kitchen area, a private bathroom, and central air conditioning. Unit two features a 14-foot overhead door, a 29 x 47 foot workshop area, and a private bathroom. Unit three provides ample storage space. Unit four offers a laundry area, office space, and a private bathroom. The impressive Unit five includes a crane, a 14-foot overhead door, 24-foot ceilings, and a 22 x 178 foot office area, complemented by two additional back overhead doors. The property also includes a convenient front open parking lot and a fenced-in rear lot, providing ample space for both employees and customers. A pleasant garden area adds to the property's appeal. The property is zoned for manufacturing and is situated within the Tift District, offering excellent access to transportation and local amenities. This multi-unit building presents endless possibilities for investors seeking a high-return property in a prime location. The combination of versatile units, ample parking, and strategic location makes this an exceptional opportunity.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1940
    Lot 0.6 ac (26,092 SF)
    APN 30-32-315-048
    UPID US28-2778940
    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
    • Greenway Bikehouse (Bike/Boat/Book/etc) 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
    Joanne Bertalan · 7 yrs held
    Joanne Bertalan
    since 2019
    3 recorded transactions
    2019
    2009
    $4,500
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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