6
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$249,500
Est. payment /mo
1,750 SqFt
New
3436 Ridge RD #1-5 Lansing, IL 60438
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Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $142
MLS Listing ID 12718292
Year Built 1964
Annual Tax Amount $11,500
Tax Year 2023
Lot Dimensions 42X89X42X97
Property Sub-Type Office/Tech
Property Description
Position your portfolio for immediate returns with this 100% occupied, income-producing commercial office building in one of Lansing's most desirable business corridors. Generating strong, consistent cash flow from day one, this turnkey investment is ideal for both seasoned investors and buyers seeking a quality asset for a 1031 exchange. Strategically located within walking distance of Fox Pointe, the property benefits from excellent visibility, convenient access, and proximity to restaurants, retail, entertainment, and community events that attract steady foot traffic throughout the year. The building also features a private parking lot with four dedicated parking spaces, providing added convenience for tenants and visitors. The property is fully leased with established tenants, allowing a new owner to enjoy immediate income while exploring future value-add opportunities. Buyers may also be eligible to take advantage of City of Lansing facade improvement grant programs (subject to approval), offering the potential to modernize the building's exterior, enhance curb appeal, and further increase property value. Property Highlights: Fully occupied with established tenants - Strong, immediate cash flow - Prime Lansing location within walking distance to Fox Pointe - Private parking lot with 4 dedicated parking spaces - Excellent visibility and accessibility Potential eligibility for City facade improvement grants - Ideal addition to an investment portfolio or a 1031 Exchange. This is a rare opportunity to acquire a stabilized commercial asset in a high-demand location with both dependable income and future upside. Bring your offers-investment opportunities like this don't come along often! Please do not disturb tenants. Showings by appointment only.
Location
State IL
County Cook
Area Lansing
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Office/Tech
Structure Type Brick
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Listed by Michelle Paz of Worth Clark Realty
NEARBY SCHOOL & BUSINESS
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