1330 Torrence Ave 5,887 SF 100% Leased Retail Building Calumet City, IL 60409 $2,650,000 ($450.14/SF) 6.23% Cap Rate

This dual-tenant retail property at 1330 S Torrence Avenue in Calumet City, Illinois, presents an attractive investment opportunity with a sale price of $2,650,000. The property is fully leased to two established tenants: Xfinity (BluFox Mobile Dealer) and Mission Dispensary, both operating under NNN lease structures with renewal options. The combined annualized base rent is approximately $165,000, providing a stable income stream with built-in rent escalations.
The building spans 5,887 square feet and sits on a 1.25-acre lot with 55 parking spaces. Recent upgrades include new LED lighting in the parking lot, which has significantly reduced common area electrical expenses, and a resealed and re-striped parking lot. The property benefits from a high-traffic location along Torrence Avenue, with an average daily traffic count of 22,000 vehicles and immediate access to I-94.
Mission Dispensary occupies 3,371 SF with a lease expiring in 2030, while Xfinity occupies 2,516 SF with a lease expiring in 2033. Both tenants are corporate-backed entities, and the property is professionally managed with all expenses passed through to tenants. Additionally, the landlord secured a 12-year real estate tax incentive, reducing annual taxes significantly.