Property Listing No Longer Available for Sale

16795 Torrence Avenue, Lansing, IL

Retail for Sale - $2,650,000 - 51,177 Sq. Ft.


Property Info

CIMLS#121304
Location
  16795 Torrence Avenue
  Lansing IL 60438
UpdatedMarch 4th, 2010
TypeRetail
Price$2,650,000
Building51,177 Sq. Ft.

Property Description

16795 Torrence Avenue, Lansing, Illinois is ideally situated within The Landings, a 613,000 square foot power center situated at the epicenter of the River Oaks Center trade zone in southern Cook County near the Illinois-Indiana state line. The Village of Lansing is located approximately twenty-five miles south of downtown Chicago and had an estimated population of 27,093 residents in 2006. The Village provides residents with safe neighborhoods, good schools, and dependable city services and is home to an extensive economic base, including both commercial and industrial enterprises. The Village of Lansing, along with Calumet City, serves as the major commercial center for the south suburbs of Chicago, with retail sales in excess of $1 billion during 2007, according to The Melaniphy Commercial Report. 16795 Torrence Avenue, Lansing, Illinois is strategically located just south of River Oaks Center, which is the largest enclosed mall in the southern suburbs and serves a trade area population of approximately 635,000.


Financials

Taking offers at 10% cap and above. Low price per square foot. 100% leased with good credit and term. Shadow anchored by Wal-Mart. All offers to be considered.



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