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17585 S Paxton Ave

7,500 SF Vacant Flex Building Lansing, IL 60438 $750,000 ($100/SF) 8% Cap Rate

Executive Summary

***AVAILABLE FOR LEASE OR SALE***. Discover an exceptional investment opportunity or turnkey space for your business at **17591 S Paxton Ave., Lansing, IL**. This impressive 7,500 sq. ft. free-standing brick building features two offices and a spacious warehouse that can be divided into three sections, each with private entrances. The property offers easy access to major roads and includes inviting reception rooms, a conference room, washrooms, a kitchen, two overhead doors with a dock, and ample parking.
Well-maintained and versatile, this space is ideal for various business needs, including warehousing, light manufacturing, office space, retail/showrooms, medical or wellness facilities, education/training centers, creative studios, or equipment storage. Its flexible layout and strategic location make it suitable for various uses.
This 7,500 sq. ft. building features two offices and a warehouse and is conveniently located near major expressways and county roads. It includes two reception rooms, separate entrances, spacious restrooms, a conference room, a kitchen area, and two overhead doors with a dock. The building is pristine and ready for your business to move in.

Property Facts

Price $750,000
Price Per SF $100
Sale Type Investment or Owner User
Cap Rate 8%
Sale Conditions Lease Option
Property Type Flex
Property Subtype Light Distribution
Building Class C
Lot Size 1.00 AC
Rentable Building Area 7,500 SF
No. Stories 1
Year Built 1970
Parking Ratio 3.07/1,000 SF
Clear Ceiling Height 14 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1

Amenities

  • Conferencing Facility
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 6,200 SF
  • Industrial
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 6,200 SF Industrial Full Build-Out Now

1st Floor

Size
6,200 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-25-400-074-0000
Land Assessment
$20,200
Improvements Assessment
$39,801
Total Assessment
$60,001

zoning

Zoning Code B2 (Class C Flex Light Distribution)
B2 (Class C Flex Light Distribution)
  • Listing ID: 28038102

  • Date on Market: 3/22/2023

  • Last Updated:

  • Address: 17585 S Paxton Ave, Lansing, IL 60438

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