17643-17675 S Torrence Ave
Lansing, IL 60438
Walmart Shadowed Performing Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Lansing Square includes a 46,738-SF multi-tenant retail center 89% occupied by a diverse tenant mix, including anchor tenant Planet Fitness.
- Lansing Square provides an annualized scheduled rent of $725,316, with a in place NOI of $313,965.
- Chick-Fil-A is coming soon to this premier shopping center, and is expected to bolster the overall center traffic.
- Sits along the SR-83 commercial corridor, shadow-anchored by a Walmart Supercenter and less than two miles from River Oaks Center Mall.
- Over 229,000 residents within five miles, providing retail spending of more than $2.1 billion across 2022.
- Directly off Interstate 80 & 94, providing immediate access to the densely travelled commuter routes that see over 200,000 vehicles per day.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
46,738 SF
Building Class
B
Year Built
1991
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
11 Exterior
Building FAR
0.08
Lot Size
12.64 AC
Zoning
B-2 - Community Retail & Service
Parking
871 Spaces (18.64 Spaces per 1,000 SF Leased)
Frontage
630’ on Torrence Avenue
AMENITIES
- Bus Line
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $286,532 | |
| Land Assessment | $711,116 | Total Assessment | $997,648 |
