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18241-18245 West St 15,961 SF 70% Leased Retail Building Lansing, IL 60438 $779,000 ($48.81/SF)
Investment Highlights
- ±15,961 SF Retail | Office | Warehouse
- Frontage on Ridge Road and West Street
- 16 Units | Value-add
- Off-street parking at side and rear
Executive Summary
SVN Chicago Commercial is pleased to present 3513-3517 Ridge Road and 18241-18259 West Street in Lansing, IL. This multi-tenant retail, office, and warehouse property is located in the heart of downtown Lansing along Ridge Road (historical Main Street) with high visibility and easy access, the property has side and rear ample parking. 16 Units -Tenants include Subway, Universal Martial Arts, Universal Cleaning, The Pet Set and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,961 SF
Building Class
C
Year Built/Renovated
1983/2022
Price
$779,000
Price Per SF
$48.81
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.51 AC
Frontage
89’ on RIDGE RD
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground floor retail/office suite facing West Street. 3 Offices | Reception and Lobby
±2,396 SF Retail on Ridge Rd Open Concept | Office Lower Level
Open Concept | Windows Multiple Configurations Possible. Asking $1,600 per month
+/- 175 SF Office with Window
| Space | Size | Space Use | Position | Available |
| 18245 | 1,284 SF | Retail | - | Now |
| 3515 | 2,396 SF | Retail | In-Line | Now |
| 205 | 966 SF | Office | - | Now |
| 208 | 175 SF | Office | - | Now |
18245
| Size |
| 1,284 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3515
| Size |
| 2,396 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
205
| Size |
| 966 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
208
| Size |
| 175 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
18245
| Size | 1,284 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Ground floor retail/office suite facing West Street. 3 Offices | Reception and Lobby
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3515
| Size | 2,396 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
±2,396 SF Retail on Ridge Rd Open Concept | Office Lower Level
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
205
| Size | 966 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Open Concept | Windows Multiple Configurations Possible. Asking $1,600 per month
208
| Size | 175 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
+/- 175 SF Office with Window
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-32-307-013-0000 | Improvements Assessment | $95,518 |
| Land Assessment | $16,085 | Total Assessment | $111,603 |
Property Taxes
Parcel Number
30-32-307-013-0000
Land Assessment
$16,085
Improvements Assessment
$95,518
Total Assessment
$111,603
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
18241-18245 West St
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