For Sale
$925,000

3513 Ridge Rd Lansing, IL 60438

Downtown Lansing commercial building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional multi-tenant property, located at 3513 Ridge Rd, Lansing, IL 60438, presents a compelling value-add investment opportunity. The 15,961 square foot building, situated on a 0.51-acre lot, is a Class C, two-story structure with a mix of storefront, traditional office, and warehouse space. Currently boasting 91% occupancy, the property features 16 units, housing a diverse range of tenants including Subway, a martial arts studio, a military supply store, a cleaning service, and a pet supply business. The building underwent renovations in 2022. Its prime location in downtown Lansing, along Ridge Road (the historical Main Street), offers high visibility and convenient access. Ample parking is available on the side and rear of the building. The property benefits from its proximity to major roadways including Rt 83, I-294, I-80, and I-394, as well as local amenities such as the Lansing Country Club, Lan-Oak Park, and Park Plaza. The gross lease structure and multi-tenant occupancy provide a stable income stream. This is an ideal opportunity for investors seeking a well-located, multi-use property with significant upside potential. The property's Cook County APN is 30-32-307-013-0000. The asking price is $925,000.

Highlights

  • 15,961 SF retail and office space, 16 units.
  • 91% occupancy rate, offering value-add potential.
  • High visibility with frontage on Ridge Road and West Street.
  • Ample off-street parking.

Property Details for 3513 Ridge Rd

Property type
Warehouses, Retail properties
Square Feet
15,961 SF
Class
C
Year Renovated
2022
Buildings
1
Stories
2
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Lansing
County
Cook
State
Illinois
Latitude
41.564321024963
Longitude
-87.531833481665

FAQs

What type of property is this?
Warehouse - Downtown Lansing commercial building, high occupancy.
Where is the warehouse located?
The property is located at 3513 Ridge Rd Lansing, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 15,961 SF retail and office space, 16 units.; 91% occupancy rate, offering value-add potential.; High visibility with frontage on Ridge Road and West Street.
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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3513 Ridge Rd
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