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Financial
Distress signals
Property profile

3224 Rdg Rd Lansing, IL 60438

OFF-MARKET
Retail space
Property ID
US28-0659184
0.79 ac lot Built 1991
Last sale Oct 2018 · $318,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This multi-tenant retail strip center is located in Lansing, Illinois and comprises approximately 11,732 square feet. The center is configured to include ground-floor retail tenancy along with vacant second-floor office space. Existing tenancy has included Foot Health Institute (podiatry), Vision Care (optometry), and Harold's Chicken Shack. The property is surrounded by dense residential development, supporting neighborhood-oriented retail and office use within a multi-tenant retail strip setting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$117k
Tax billed · 2022
Assessed value$181k
Assessed land$60k
Assessed improvement$121k
Effective rate64.99%

Value estimate

· Oct 2026
$370k
$333k – $407k
AI approach$370k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency35.8
Law Firm21.6
Spa & Massage18.1

Location

3224 Rdg Rd Lansing, IL 60438-3129
County assessor Recorded deeds · 5 transfers Qualifying 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 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17255 Burnham, Lansing, IL 60438-1323 $150,000 Dec 2025 No data
18610 Burnham, Lansing, IL 60438-3500 $475,000 Dec 2025 No data
2352 172nd St, Lansing, IL 60438-6002 $3,250,000 Sep 2025 No data
3431 Rdg, Lansing, IL 60438-3101 $100,000 Jun 2025 No data
17111 Torrence, Lansing, IL 60438-1015 $450,000 Apr 2025 No data
18525 Torrence, Lansing, IL 60438-2871 $650,000 Jan 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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