1330 Torrence Ave - Freestanding FOR SALE


Calumet City, IL 60409
$2,650,000 USD
312-376-4100
1330 Torrence Ave, Calumet City, IL for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/6
null | 6.23% Cap Rate

1330 Torrence Ave
Calumet City, IL 60409


HIGHLIGHTS

  • Fully leased dual-tenant retail building with NNN leases and renewal options.
  • Located on a high-visibility corridor with 22,000 average daily traffic count and immediate access to I-94.
  • Recent property improvements include LED lighting upgrades and parking lot resealing.
  • Tenants include nationally recognized brands: Xfinity and Mission Dispensary.
  • Positioned in the heart of Calumet City’s retail business corridor, bordering the Indiana state line.
  • Approximately 27,000 monthly visitors to the property, supported by strong surrounding retail co-tenancy.

OVERVIEW

This dual-tenant retail property at 1330 S Torrence Avenue in Calumet City, Illinois, presents an attractive investment opportunity with a sale price of $2,650,000. The property is fully leased to two established tenants: Xfinity (BluFox Mobile Dealer) and Mission Dispensary, both operating under NNN lease structures with renewal options. The combined annualized base rent is approximately $165,000, providing a stable income stream with built-in rent escalations. The building spans 5,887 square feet and sits on a 1.25-acre lot with 55 parking spaces. Recent upgrades include new LED lighting in the parking lot, which has significantly reduced common area electrical expenses, and a resealed and re-striped parking lot. The property benefits from a high-traffic location along Torrence Avenue, with an average daily traffic count of 22,000 vehicles and immediate access to I-94. Mission Dispensary occupies 3,371 SF with a lease expiring in 2030, while Xfinity occupies 2,516 SF with a lease expiring in 2033. Both tenants are corporate-backed entities, and the property is professionally managed with all expenses passed through to tenants. Additionally, the landlord secured a 12-year real estate tax incentive, reducing annual taxes significantly.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

B-3

APN/PARCEL ID

29-24-200-051-0000,29-24-200-067-0000

ASK ABOUT THIS PROPERTY

Mark MontanaAvison YoungMore Info
312-376-4100

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Mark MontanaAvison YoungMore Info
312-376-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.