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Property profile & analytics
OFF-MARKET
Retail space

3224 Rdg Rd Lansing, IL 60438-3129

0.79 ac lot Built 1991
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US28-0659184
Property summary
AI-generated overview

This exceptional commercial property, located at 3224 Ridge Rd, Lansing, IL 60438, offers a versatile space ideal for various office uses. The two-story building, constructed in 1990 and extensively renovated in 2020, boasts 11,723 total square feet, with 1,950 square feet currently vacant and available for lease. The minimum divisible space is 974 square feet, allowing for flexibility in tenant needs. The property features a mix of retail space on the ground floor and office space above, providing a convenient and accessible location. The second floor has undergone a complete update, including new paint, carpet, HVAC units, windows, and LED lighting. Security features include a camera system and a key fob access system. Ample parking is available with 65 spaces, including two dedicated lots, providing convenient access for tenants and their clients. A passenger elevator ensures easy access to the second-floor offices. The property is zoned B-4 and sits on a highly trafficked section of Ridge Road in downtown Lansing, offering excellent visibility and accessibility. The Cook County property (APN: 30321160360000) has a tax cost per square foot of $10.31.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1991
Lot 0.79 ac (34,307 SF)
APN 30-32-116-036
UPID US28-0659184
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
  • Holistic Hair Rejuvenation Hair Salon
  • KP + J Architects and Engineers Architecture Firm Structural Engineer
  • Foot Health Institute: Michael A. Wood, DPM, PC Physician
  • Lisa Politza, OD Physician
  • Chicago's Chicken Shack- Lansing, IL Restaurant
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
Kapak Management INC · 7 yrs held
Kapak Management INC
since 2018
5 recorded transactions
2025
Price N/A
2021
Price N/A
2018
$318,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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