For Sale

River Place Shopping Center | Lansing, IL

Asking Price: $5,050,000 | Cap Rate: 9.25%

  • Net Operating Income: $466,949
  • Weighted Avg. Lease Term (WALT): 4.74 Years
  • Lease Type: Net

Property Highlights

  • 97% leased to a strong mix of national and local tenants; most of which are e-commerce resistant
  • Excellent demographics, located within a densely populated area, over 100,000 people within 3-mile radius
  • Situated along the highly trafficked Torrence Ave. with great visibility over 24,000 VPD
  • Multiple capital improvements done within the last three years; Full roof replacement, newly upgraded signage, tuck pointing throughout, multiple HVAC units and more