Retail•Free Standing Building•For Sale

Illinois Title Loans, Inc.

17300 Torrence Avenue, Lansing, Illinois 60438

Sale Price $946,500
Sale Type Net Lease Investment
Zoning B-2
Bldg Type Single Tenant
Year Built 1992
Stories 1
Vacancy 100%
Annual Taxes $41,126.51
Gross Bldg 1,012 SqFt
Land Area .38 Acres
Best Location in Lansing! NO EARLY TERMINATION CLAUSE. Single tenant ground lease to Illinois Title Loans (54 locations nationwide). True NNN. The building is 1,012 sq.ft. and was built in 1992 as a Checker's Double Drive-Thru Restaurant. The current tenant has been in this location since 1999. Property sits on the lighted intersection of Torrence Ave & Bernice Rd. and is on the "going-to-work" side of Torrence Ave. Interstate 80/94 is just 1 block away. Excellent Location! New Super Walmart opened in 2015 just on the other side of Interstate 80/94 (1/4 mile away). Grandfathered +/- 40 foot billboard sign frame can be utilized for on-premise advertising. Visible from I-80/94! Located at the southwest corner (going-to-work-side) of Torrence Ave & Bernice Rd. Site sits at a lighted intersection of heavily traveled Torrence Ave. The property is 1 block north of Interstate 80/94 which is less than a 25 minute drive to downtown Chicago. Locally, the other retailers within the vicinity of the property includes Super WalMart. LA Fitness, Home Depot, Honda, Holiday Inn, Best Buy, KMart and many more. Torrence Avenue has a daily traffic count of 26,500 and Interstate 80/94 has 137,500 VPD.
  • NNN Ground Lease Investment
  • Tenant Since 1999
  • Dynamic Corner Location
  • 54 Locations in IL, MO & TN
  • +/- 40' Tall Pole Sign for On-Premises Advertising
1/20/2020 4:48:27 PM 1/20/2020 4:54:35 PM
Mike Larson
Managing Broker
Diversified Commercial Real Estate
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