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Lansing 17320-17340 Torrence Ave 1,200 SF of Retail Space Available in Lansing, IL 60438
HIGHLIGHTS
- Building Size: 8,400–8,081 SF
- Year Built: 1971–1975
- Lot Size: 0.68 acres
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT LANSING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AmeriCash Loans
- Check Cash/Quick Loans
- 49
- National
- Signarama
- Other Services
- 594
- International
- Weight Loss Md
- Tanning Salon
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AmeriCash Loans | Check Cash/Quick Loans | 49 | National |
| Signarama | Other Services | 594 | International |
| Weight Loss Md | Tanning Salon | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,200 SF | Total Land Area | 0.68 AC |
| Property Type | Retail | Year Built | 1975 |
| Gross Leasable Area | 1,200 SF | Parking Ratio | 10.83/1,000 SF |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,200 SF |
| Total Land Area | 0.68 AC |
| Year Built | 1975 |
| Parking Ratio | 10.83/1,000 SF |
ABOUT THE PROPERTY
This fully leased 8,400 SF retail center offers a strong income-producing investment opportunity in the heart of Lansing’s primary commercial corridor. The property consists of six retail units, anchored by a mix of long-term tenants, including AmeriCash Loans, Sign-a-Rama, and others, providing stable and diversified cash flow. Built in 1971–1975, the single-story center sits on a 0.68-acre lot (approx. 28,950 SF) with excellent visibility along Torrence Avenue, a heavily traveled retail artery near I-94/I-80 and the Bishop Ford Freeway. The site features 177 feet of frontage, two curb cuts, a large pedestal sign, and 13 parking spaces (2.5/1,000 SF), making it easily accessible for customers and tenants. The center is situated in a vibrant commercial area that attracts both national and local retailers. With strong in-place income, recent leasing activity (including two new leases signed in 2019), and a history of consistent occupancy, this property stands as a high-performing retail investment in the Chicago south suburban market
NEARBY MAJOR RETAILERS
Presented by
ANK International LLC
Lansing | 17320-17340 Torrence Ave
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