River Place Shopping Center | Lansing, IL
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
