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18525 S Torrence Avenue

Lansing, IL 60438
  • $875,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • MLS #: 11285112
Under Contract
$875,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

Description

22 Unit, T-shaped Office Building (Beacon Executive Plaza), approx. 15,000sf with 11,046sf of leasable space. Center section provides 14 units, North Wing - 5 units, South Wing - 3 units; new roof (2017), new carpets in common areas (2017). Long term tenants in place & all current tenants have 12 month leases in place. Tenants pay their own electricity. High demand for space in this area, easy to find tenants and low vacancy. Pro Forma CAP 10.94%.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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18525 S Torrence Avenue Lansing, IL 60438

  • Price: $875,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • MLS #: 11285112
0
Beds
0
Baths
0
½ Baths
0.61
Acres
1968
Built
Neighborhood:
Lansing
County:
Cook
Area:
Lansing
Property Description
22 Unit, T-shaped Office Building (Beacon Executive Plaza), approx. 15,000sf with 11,046sf of leasable space. Center section provides 14 units, North Wing - 5 units, South Wing - 3 units; new roof (2017), new carpets in common areas (2017). Long term tenants in place & all current tenants have 12 month leases in place. Tenants pay their own electricity. High demand for space in this area, easy to find tenants and low vacancy. Pro Forma CAP 10.94%.
Exterior Features

Frontage Type City Street Outdoor Parking 31-50 SpacesPrivate Lot Parking Total 34

Interior Features

Cooling Central Individual Heat Ventilation Central Bldg Heat Miscellaneous Inside Multi-Tenant Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 15000 Built Before1978 YN Yes Contingency Other Contingency Continue To Show Yes Current Use CommercialOffice Electric Separate Meters Fire Protection Fire Extinguisher/S Geographic Locale Southwest Suburban Gross Income 166620 Gross Scheduled Income 166620 Leasable Area 950 Location Central Business District Net Operating Income 79397 Number Of Tenants 21 Operating Expense 87223 Possible Use Office And ResearchRetail Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 45969 Tax Year 2020 Tenant Pays ElectricityVaries By Tenant Total Monthly Income 13885 Township Thornton Type Office/Tech Zoning Rtail

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Premiere Properties.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-01-22T00:50:12.773 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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