Financial
Distress signals
Property profile

1905 Bernice Rd Lansing, IL 60438

FOR SALE
Retail space
Property ID
US28-0965258
0.96 ac lot Built 1970
Last sale Jul 2018 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1905 Bernice Road in Lansing, Illinois consists of a flex site with two freestanding commercial buildings totaling approximately 17,000 square feet, including a roughly 9,000-square-foot building and a roughly 7,700-square-foot building. The campus is situated on nearly 2 acres and is configured to support multiple occupancy layouts, with suite sizes ranging from approximately 520 square feet to 1,645 square feet and the ability to accommodate users seeking up to the full

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$59k
Tax billed · 2022
Assessed value$96k
Assessed land$63k
Assessed improvement$34k
Effective rate61.27%

Value estimate

· Sep 2026
$405k
$365k – $446k
AI approach$405k
NOI build-up
Gross scheduled income$196k
Vacancy & credit loss−$49k
Operating expenses−$37k
NOI · 13.81% cap applied$110k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
13.81%
$110k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.6
Law Firm16.4
Dental Office12.4

Location

1905 Bernice Rd Lansing, IL 60438
County assessor Recorded deeds · 8 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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