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    Property profile & analytics

    2859 Bernice Rd Lansing, IL 60438-1207

    • Industrial properties
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US28-2722311
    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.

    Current Use by Public Records

    • BMH - Forklift Sales, Service & Rentals / Forklift Dealer / Forklift Rental Service

    Property Details for 2859 Bernice Rd

    Year built
    1968
    Lot size
    0.07 lot acres
    Property type
    Industrial properties
    APN
    30-30-402-004
    APU
    3030402004

    Description

    This exceptional 6,046-square-foot warehouse in Lansing, Illinois, presents a compelling investment opportunity. Situated on a 0.3-acre lot, the property boasts convenient access to major highways, including I-294, I-94, and I-80, ensuring efficient transportation and logistics. The warehouse features two dock-high doors, one of which is oversized, facilitating easy loading and unloading of goods. Ceiling heights range from 11 to 18 feet, providing ample vertical space for storage and operations. Nine on-site parking spaces are available for employees and visitors. The property includes a fenced yard and a 10-ton crane, enhancing operational efficiency and versatility. This clear-span warehouse is ideal for various industrial uses, offering a combination of size, functionality, and strategic location. The sale price is subject to offer. The property is located at 2859 Bernice Rd, Lansing, IL 60438, in Cook County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $310,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $265,000
      Mixed-Use
      $255,000
      Hospitality
      $300,000
      Educational
      $335,000
      Residential Income
      $255,000
      Energy
      $325,000
      Income-Based Land
      $325,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.5472
    Latitude
    41.579
    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
    $5,479
    $2,734
    $5,697
    $8,431
    -
    $10,936
    $22,788
    $33,724

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      2861 Bernice Rd

      INDUSTRIAL (GENERAL) • 0.07 Acres
      2861 Bernice Rd, Lansing, IL 60438-1207
      View Details
    • Value Estimation by Request
      0.86 Acres

      2705 Bernice Rd

      INDUSTRIAL (GENERAL) • 0.86 Acres
      2705 Bernice Rd, Lansing, IL 60438-1011
      View Details
    • Value Estimation by Request
      0.07 Acres

      2861 Bernice Rd

      INDUSTRIAL (GENERAL) • 0.07 Acres
      2861 Bernice Rd, Lansing, IL 60438-1207
      View Details
    • Value Estimation by Request
      0.19 Acres

      2124 Bernice Rd

      INDUSTRIAL (GENERAL) • 0.19 Acres
      2124 Bernice Rd, Lansing, IL 60438
      View Details
    • Value Estimation by Request
      4.41 Acres

      2770 Bernice Rd

      INDUSTRIAL (GENERAL) • 4.41 Acres
      2770 Bernice Rd, Lansing, IL 60438-1012
      View Details
    • Value Estimation by Request
      0.07 Acres

      17930 Chappel Ave

      INDUSTRIAL (GENERAL) • 0.07 Acres
      17930 Chappel Ave, Lansing, IL 60438-4524
      View Details

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    Similar Nearby for Lease

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    2859 Bernice Rd
    Lansing, IL 60438-1207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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