18241-18245 West St
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18241-18245 West St
15,961 SF 86% Leased Retail Building Lansing, IL 60438 For Sale
Investment Highlights
- ±15,961 SF Retail and Office | 16 Units
- Frontage on Ridge Road and West Street
- Price is Subject to Offer
- 89% Occupied | Value-add
- Off-street parking at side and rear
Executive Summary
SVN Chicago Commercial is pleased to present 3513-3517 Ridge Road and 18241-18259 West Street in Lansing, IL. This multi-tenant retail, office, and warehouse property is located in the heart of downtown Lansing along Ridge Road (historical Main Street) with high visibility and easy access, the property has side and rear ample parking. 16 Units -Tenants include Subway, Universal Martial Arts, Norm's Military, Universal Cleaning, The Pet Set and more. Price is Subject to Offer.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,961 SF
Building Class
C
Year Built/Renovated
1983/2022
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.51 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
+/- 1,300 SF Retail on Ridge Rd Open Concept | Office Lower Level
Open Concept | Kitchenette | Asking: $1,600 per month MG
| Space | Size | Space Use | Position | Available |
| 3515 | 1,300 SF | Retail | In-Line | Now |
| 205 | 900 SF | Office | - | Now |
3515
| Size |
| 1,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
205
| Size |
| 900 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
3515
| Size | 1,300 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
+/- 1,300 SF Retail on Ridge Rd Open Concept | Office Lower Level
205
| Size | 900 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Open Concept | Kitchenette | Asking: $1,600 per month MG
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $155,770 | |
| Land Assessment | $21,445 | Total Assessment | $177,215 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,445
Improvements Assessment
$155,770
Total Assessment
$177,215
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18241-18245 West St
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