3513 Ridge Rd, Lansing, IL 60438
For Sale
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This exceptional multi-tenant property, located at 3513 Ridge Rd, Lansing, IL 60438, presents a compelling value-add investment opportunity. The 15,961 square foot building, situated on a 0.51-acre lot, is a Class C, two-story structure with a mix of storefront, traditional office, and warehouse space. Currently boasting 91% occupancy, the property features 16 units, housing a diverse range of tenants including Subway, a martial arts studio, a military supply store, a cleaning service, and a pet supply business. The building underwent renovations in 2022. Its prime location in downtown Lansing, along Ridge Road (the historical Main Street), offers high visibility and convenient access. Ample parking is available on the side and rear of the building. The property benefits from its proximity to major roadways including Rt 83, I-294, I-80, and I-394, as well as local amenities such as the Lansing Country Club, Lan-Oak Park, and Park Plaza. The gross lease structure and multi-tenant occupancy provide a stable income stream. This is an ideal opportunity for investors seeking a well-located, multi-use property with significant upside potential. The property's Cook County APN is 30-32-307-013-0000. The asking price is $925,000.
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Subway Take-out & Catering
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
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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.