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18525 S Torrence Avenue Lansing, IL 60438
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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 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
Zoning RTAIL
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
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Bought with Charles McCann • Keller Williams Premiere Properties
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