3224 Rdg Rd Lansing, IL 60438-3129
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.