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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
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 |
| Land Assessment | $3,188 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $13,813 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
30-31-301-003-0000
Land Assessment
$3,188
Improvements Assessment
$13,813
Total Assessment
$17,001
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Banga Real Estate
Boz Restaurant & Apartments | 2513 Ridge Rd
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