2800 Bernice Rd - Industrial FOR SALE


Lansing, IL 60438
$2,500,000 USD
773-941-0389
2800 Bernice Rd, Lansing, IL for Sale
$2,500,000 USD
Industrial - FOR SALE
1/6
null | 19.21% Cap Rate

2800 Bernice Rd
Lansing, IL 60438


HIGHLIGHTS

  • UPSIDE POTENTIAL
  • STRATEGIC LOCATION
  • HIGH TRAFFIC COUNTS
  • STRONG DEMOGRAPHICS

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the industrial building located at 2800 Bernice Road in Lansing, Illinois (the “Property”). The Property contains a total of 114,352 square feet of gross leasable area on 6.08-acres of land spread over three (3) individual tax lots. The Property is comprised of twenty-five (25) units and is 72% leased to a complimentary mix of industrial and flex tenants. The Property offers significant upside through the lease up of the vacant space and by restructuring month-to-month tenancies with below market rents to market rates. The Property is located along Bernice Road offering quick and convenient access to Torrence Avenue and Interstate 80/94, the area’s primary commercial and commuter corridors. Positioned within Chicago’s highly sought-after South Suburban industrial corridor, the Property sits in one of the most significant logistics and distribution markets in the United States and benefits from immediate access to Interstate 80/94, Interstate 294, Illinois Route 394, and numerous major freight corridors, providing exceptional connectivity to the greater Chicago metropolitan area, Northwest Indiana, and national transportation networks. Lansing is a well-established suburban community within the greater Chicago metropolitan area and is situated approximately 25 miles south of downtown Chicago and just north of the Indiana border.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

19.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2800 Bernice Rd

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

6.08

LAND SF

264,845

ZONING

B2

APN/PARCEL ID

30-30-123-014-0000,30-30-123-015-0000,30-30-123-016-0000,30-30-215-097-0000

ASK ABOUT THIS PROPERTY

Brent HolderHorvath & TremblayMore Info
773-941-0389

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Brent HolderHorvath & TremblayMore Info
773-941-0389

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