Lansing, IL 60438 18525 S Torrence Avenue
$689,000
Presented By: Keller Williams Premiere Properties
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 15,000
Home Details
23 Unit, T-shaped Mixed-Use Building (Beacon Executive Plaza), approx. 15,000sf with 11,046sf of leasable space. Center section provides 14 units, North Wing - 5 units, South Wing - 3 units; new roof (2017), new carpets in common areas (2017). Long term tenants in place. Tenants cover their own electricity. High demand for space in this area, easy to find tenants and low vacancy. Actual CAP 13.44%.
Presented By: Keller Williams Premiere Properties
General for 18525 S Torrence Avenue
Additional Parcels Y/NYes
CityLansing
ContingencyAttorney/Inspection
CoolingCentral Individual
CountyCook
Current UseCommercial, Office
Days on Market57
DirectionsLocated on the South side of Torrence Ave. - North of 186th St.
ElectricSeparate Meters
Gross Income171600
Leasable Area950
Lot Size Square Feet26448
MLS AreaLansing
Net Operating Income93377
NumberOfUnitsTotal23
Operating Expense78223
PossessionClosing
Property SubTypeStrip Center
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount42530
Tax Year2023
Tenant PaysElectricity, Varies by Tenant
TownshipThornton
Year Built1968
ZoningRTAIL
Exterior for 18525 S Torrence Avenue
Building Area Total15000
Frontage TypeCity Street
Lot Dimensions228X116
Additional Details
Price History
