Lansing, IL 60438,18525 S Torrence AVE
Lansing, IL 60438,18525 S Torrence AVE
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$600,000

$875,000

31.4%
Est.Price: ?

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Est. payment /mo

15,000 SqFt


SOLD DATE : 03/11/2022

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $40

MLS Listing ID 11285112

Sold Date 03/11/22

Year Built 1968

Annual Tax Amount $45,969

Tax Year 2020

Lot Size 0.610 Acres

Lot Dimensions 228X116

Property Sub-Type Office/Tech

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%.

Location

State IL

County Cook

Area Lansing

Zoning RTAIL

Interior

Cooling Central Individual

Fireplace N

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Charles McCann • Keller Williams Premiere Properties
Bought with Charles McCann • Keller Williams Premiere Properties
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