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2800 Bernice Rd 2800 Bernice Rd 114,352 SF 100% Leased Industrial Building Lansing, IL 60438 $2,500,000 ($21.86/SF) 19.21% Cap Rate



Investment Highlights
- UPSIDE POTENTIAL
- HIGH TRAFFIC COUNTS
- STRATEGIC LOCATION
- STRONG DEMOGRAPHICS
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the industrial building located at 2800 Bernice Road in Lansing, Illinois (the “Property”). The Property contains a total of 114,352 square feet of gross leasable area on 6.08-acres of land spread over three (3) individual tax lots. The Property is comprised of twenty-five (25) units and is 72% leased to a complimentary mix of industrial and flex tenants.
The Property offers significant upside through the lease up of the vacant space and by restructuring month-to-month tenancies with below market rents to market rates. The Property is located along Bernice Road offering quick and convenient access to Torrence Avenue and Interstate 80/94, the area’s primary commercial and commuter corridors. Positioned within Chicago’s highly sought-after South Suburban industrial corridor, the Property sits in one of the most significant logistics and distribution markets in the United States and benefits from immediate access to Interstate 80/94, Interstate 294, Illinois Route 394, and numerous major freight corridors, providing exceptional connectivity to the greater Chicago metropolitan area, Northwest Indiana, and national transportation networks.
Lansing is a well-established suburban community within the greater Chicago metropolitan area and is situated approximately 25 miles south of downtown Chicago and just north of the Indiana border.
The Property offers significant upside through the lease up of the vacant space and by restructuring month-to-month tenancies with below market rents to market rates. The Property is located along Bernice Road offering quick and convenient access to Torrence Avenue and Interstate 80/94, the area’s primary commercial and commuter corridors. Positioned within Chicago’s highly sought-after South Suburban industrial corridor, the Property sits in one of the most significant logistics and distribution markets in the United States and benefits from immediate access to Interstate 80/94, Interstate 294, Illinois Route 394, and numerous major freight corridors, providing exceptional connectivity to the greater Chicago metropolitan area, Northwest Indiana, and national transportation networks.
Lansing is a well-established suburban community within the greater Chicago metropolitan area and is situated approximately 25 miles south of downtown Chicago and just north of the Indiana border.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Axles Etc Inc
- Services
- -
- -
- -
- -
- B & L Investments
- Real Estate
- 3,000 SF
- -
- -
- -
- Bobby Vee's Reconditioned Appliances
- Services
- -
- -
- -
- -
- Collision Repair
- Services
- 4,800 SF
- -
- Plus Utilities
- Jun 2016
- HBM Electro
- Manufacturing
- -
- -
- -
- -
- Mike's Amusements, Inc
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
- Painting and Decorating
- Services
- 2,450 SF
- -
- Plus Utilities
- Jun 2016
Precision Garage Door Service began in 1985 as a franchise network for garage door service and repair. The company provides residential garage door repair and installation, opener repair, new doors, parts, and related service, and also offers commercial garage door maintenance and repair. Precision Garage Door Service operates through locally owned, independently operated franchises and is part of the Neighborly family of home service brands. The business emphasizes trained technicians, upfront pricing, and flexible appointment options within a broad franchise system.
- Quastid Solutions
- Construction
- 2,400 SF
- -
- Plus Utilities
- -
- The Complete Auto Repair Shop LLC
- Services
- 6,840 SF
- -
- Plus Utilities
- Sep 2017
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Axles Etc Inc | Services | - | - | - | - | |
| B & L Investments | Real Estate | 3,000 SF | - | - | - | |
| Bobby Vee's Reconditioned Appliances | Services | - | - | - | - | |
| Collision Repair | Services | 4,800 SF | - | Plus Utilities | Jun 2016 | |
| HBM Electro | Manufacturing | - | - | - | - | |
| Mike's Amusements, Inc | Arts, Entertainment, and Recreation | - | - | - | - | |
| Painting and Decorating | Services | 2,450 SF | - | Plus Utilities | Jun 2016 | |
|
Services | 5,000 SF | - | - | - | |
| Quastid Solutions | Construction | 2,400 SF | - | Plus Utilities | - | |
| The Complete Auto Repair Shop LLC | Services | 6,840 SF | - | Plus Utilities | Sep 2017 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $296,123 | |
| Land Assessment | $200,887 | Total Assessment | $497,010 |
Property Taxes
Parcel Numbers
Land Assessment
$200,887
Improvements Assessment
$296,123
Total Assessment
$497,010
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