Chase Bank - Lansing, IL — Sale in Lansing, IL
- Price: $2.2M
- Listing type: For sale
- Asset type: Retail Business
- Location: Lansing, IL 60438
- Size: 4,214 SF
Photos
Investment Figures
- Cap rate
- 7.00%
- Price per square foot
- $513
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chase Bank at 16767 Torrence Avenue in Lansing, Illinois (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±4.8 years of primary lease term remaining , 10.0% rent escalations every 5 years and four, five-year options. JPMorgan Chase is the largest bank holding company in the U.S. with over $4.4 trillion in assets.
Market Context
This retail in Lansing, IL is listed for sale at $2,161,000 across 4,214 SF. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Lansing, IL — view the full market.
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
Estimated price for 4,214 SF: $717,012 (range $236,616 – $1,720,829)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Mohsin Mirza · 3122282867 · mohsin.mirza@jll.com
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