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17300 Torrence Avenue, Lansing, IL
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17300 Torrence Avenue
Lansing, IL 60438 - Near South Cook Submarket
Property Type:
Retail
Sub Type:
Storefront Retail/Office
Status:
Existing
Year Built:
-
Building Size:
1,012 SF
Land Area:
-
% Leased:
For Sale Price:
$553,045
Price/SF:
$546.49
Cap Rate:
11.00 %
Parking:
3 Surface spaces are available
Sale Notes:
Price Reduced!!! Single tenant ground lease to Community Loans of America with over 2.5 years remaining on lease. True NNN. Tenant has (2) - 5 Year options remaining with 15% rent increases each option. The building is 1,012 sq.ft. and was built in 1992 as a Checker's Double Drive-Thru Restaurant. The current tenant has been in this location since 1998. Property sits on the lighted intersection of Torrence Ave & Bernice Rd. and is on the "going-to-work" side of Torrence Ave. Interstate 80/94 is just 1 block away.
Located at the southwest corner (going-to-work-side) of Torrence Ave & Bernice Rd. Site sits at a lighted intersection of heavily traveled Torrence Ave. The property is 1 block north of Interstate 80/94 which is less than a 30 minute drive to downtown Chicago. Locally, the other retailers within the vicinity of the property includes LA Fitness, Honda, Holiday Inn, Best Buy, KMart and many more.
CLICK HERE TO CONTACT THE SALES BROKER
S
FOR SALE CONTACTS
Diversified Commercial, Inc.
Michael Larson
(219) 836-4740 x107
View all my listings
Dennis Larson
(219) 836-4740 x107
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