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18525 S Torrence Avenue

Lansing, IL 60438
  • $689,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 12112280
UPDATED: 32 min ago
$689,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

Description

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%.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-10T14:05:50.533 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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18525 S Torrence Avenue Lansing, IL 60438

  • Price: $689,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 32 min ago
  • MLS #: 12112280
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1968
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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%.
Exterior Features

Frontage Type City Street Outdoor Parking 31-50 SpacesPrivate Lot

Interior Features

Cooling Central Individual Heat Ventilation Central Bldg Heat Miscellaneous Inside Multi-Tenant Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 15000 Built Before1978 YN Yes Current Use CommercialOffice Electric Separate Meters Fire Protection Fire Extinguisher/s Geographic Locale South Suburban Gross Income 171600 Gross Scheduled Income 171600 Leasable Area 950 Location Central Business District Mls Actual Status Active Net Operating Income 93377 Number Of Tenants 22 Operating Expense 78223 Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 42530 Tax Year 2023 Tenant Pays ElectricityVaries by Tenant Total Monthly Income 14300 Township Thornton Type Office/Tech Zoning RTAIL

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Premiere Properties: 630-545-9860.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-10T14:05:50.533 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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