2352 172nd St Lansing, IL 60438-6002
Property Lookup
Property profile & analytics
2352 172nd St Lansing, IL 60438-6002
- Retail space
Property ID
US28-2890898
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
- The Rhoyal Bistro Live / Restaurant
Property Details for 2352 172nd St
- Property type
- Retail space
- APN
- 29-25-201-047
- APU
- 2925201047
Description
This exceptional 23,000-square-foot retail shopping center and storefront property, located at 2352 172nd St, Lansing, IL 60438 (Cook County), presents a compelling investment opportunity. Built in 1990 and extensively renovated in 2022, the property boasts a strong 93% occupancy rate, generating a substantial net operating income (NOI) of $315,000, representing an attractive 8.50% capitalization rate. The asking price is $3,700,000, translating to $160.87 per square foot. The property sits on a 2.57-acre lot and includes 100 convenient parking spaces for customers. The center features two prominent dual-sided pylon signs, ensuring high visibility to the over 25,000 vehicles passing daily. Its strategic location benefits from the proximity of national retailers and a dense population base: over 105,000 people reside within 3 miles, 250,000 within 5 miles, and 800,000 within 10 miles, with average household incomes exceeding $75,000. The property's tenant mix includes a blend of established national and local businesses, demonstrating consistent leasing activity with recent lease renewals and new signings. The property's APN is 29-25-201-047-0000. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving Chicago MSA location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.5599
- Latitude
- 41.584
- 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
$230,154
$182,185
$193,442
$375,627
-
$728,740
$773,768
$1,502,508
