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Boz Restaurant & Apartments 2513 Ridge Rd 2,400 SF 100% Leased Retail Building Lansing, IL 60438 $285,000 ($118.75/SF)
Investment Highlights
- Busy Walk-In Traffic Main Sidewalk
- Near Schools, Thriving Businesses
- Highly Visible Day or Night
Executive Summary
Leased Thriving Restaurant Over 1200 sf. Second Floor Rear Entrance/Exit TWO- One Bedroom, Each Full Bathroom Apartments, All Electric Paid by Tenant. Bedroom Size: 14'x12' Double Bi-Fold Step-In Closets, Living Room: 16'x13' Carpet & Vinyl Flooring, Kitchen: 9'x9' Refrigerator, Electric Range, Range Hood, Double Bowl Stainless Steel Sink, Bathroom: 9'x7', Laundry Closet, Electric Water Heater, Tenant Control Electric Furnace/Wall Unit Air Conditioning. Ground Floor Retail/Restaurant and Carry Out. Leased Tenant Pays, Electric, Trash, and Gas for Heating & Cooking. All New HVAC Modern Open Duct, Energy Efficient Furnace & Exterior AC Unit with New Gas Water Heater. Landlord Pays: Lake Michigan Water, Common Insurance, Parking Lot Repairs & Snow Removal and Cleaning. Three Electric Meters One for Each Unit. Paid by Tenants. Parking On Site, 12-14 Spaces Easy In & Easy Exit, Location on Main Downtown Lansing's Strip, Ownership Sole Proprietor, Apartments with Private Patio & Staircase. The Building is a Flex-O-Core Fireproof Construction.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1968
Price
$285,000
Price Per SF
$118.75
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.17 AC
Zoning
Commercial - Commercial Retail and Apartment
Parking
11 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
43’ on 182nd Street
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Boz's Hotdogs
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Boz's Hotdogs | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-31-301-003-0000 | Total Assessment | $17,001 (2025) |
| Land Assessment | $3,188 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $13,813 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
30-31-301-003-0000
Land Assessment
$3,188 (2025)
Improvements Assessment
$13,813 (2025)
Total Assessment
$17,001 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Banga Real Estate
Boz Restaurant & Apartments | 2513 Ridge Rd
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