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