Property Listing No Longer Available for Sale

16767 Torrence Ave, Lansing, IL 60438

Lansing, IL

Retail for Sale - $2,395,000 - 0.24 acres

Property Info

CIMLS #1023340
Location16767 Torrence Ave, Lansing, IL 60438
Lansing IL 60438
Last UpdatedAugust 13th, 2018
Land0.24 acres
DemographicsView data

Property Description

The subject property is a 4,214-square foot Chase Bank located in Lansing (Chicago MSA), Illinois. Chase Bank features over thirteen years remaining on a triple net ground lease with ten percent (10%) rental increases in January 2021 and at each of the four 5-year option periods. The site features a drive-thru with four ATMs. Deposits have been increasing year-over-year since opening and has increased 18% since prior year. Chase (NYSE: JPM), a publicly traded company with an investment grade credit rating of "A+" by Standard and Poor's, has a net worth in excess of $254.19 billion and annual revenue exceeding $90.31 billion.

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