For Sale
$325,000

18421 Glen Oak Ave Lansing, IL 60438

High-visibility retail & apartments, prime location.

Overview

Added:
Feb 3
Days on market:
78
This exceptional multi-tenant property presents a compelling value-add opportunity in Lansing's vibrant central business district. Located on a high-visibility corner lot, the 7,940 square foot building offers a unique blend of commercial and residential space. The property comprises two retail spaces and five apartments, providing diverse income streams and potential for significant upside. One large retail space is currently available, ideal for an owner-occupier seeking a prime location or a new tenant looking to establish a presence in a bustling area. The property's strategic location offers easy access to the Fox Pointe Amphitheater, a popular local attraction, ensuring high foot traffic and visibility. Its proximity to major highways and the state line further enhances its accessibility and appeal to a wide range of potential tenants and customers. This is a rare chance to acquire a well-positioned property with strong potential for rental income and appreciation. The building's existing structure provides a solid foundation for immediate income generation, while the available retail space offers the opportunity to enhance the property's value through lease-up or owner-occupancy. This is an excellent investment opportunity for those seeking a diversified portfolio with strong potential for growth in a desirable location. The property is situated on a 0-acre lot. The asking price is $325,000.

Property Details for 18421 Glen Oak Ave

Property type
Commercial real estate
Square Feet
7,940 SF
Year Built
1930

Location Insight

City
Lansing
County
Cook
State
Illinois
Latitude
41.56042
Longitude
-87.55723

FAQs

What type of property is this?
Commercial real estate - High-visibility retail & apartments, prime location.
Where is the commercial real estate located?
The property is located at 18421 Glen Oak Ave Lansing, IL.
What is the asking price?
The asking price for this property is $325,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18421 Glen Oak Ave
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