Retail Space / Illinois / Lansing / 60438 / 17060 Torrence Avenue

17060 Torrence Avenue

Q: What is the asking price for 17060 Torrence Avenue in Lansing?

The asking price for 17060 Torrence Avenue is $3,846,000

Q: What is the building size of this Retail property in Lansing, IL?

The size of the building/unit at 17060 Torrence Avenue in Lansing is 5,358 square feet.

Q: How much land does the Lansing, IL property at 17060 Torrence Avenue include?

17060 Torrence Avenue in Lansing includes 1.240 acres of land.

Q: What kind of Retail is the propery at 17060 Torrence Avenue?

The property at 17060 Torrence Avenue Lansing, IL 60438 is listed as a Food Service Retail property.

Q: What is the population within 1 mile of 17060 Torrence Avenue?

The population within 1 mile of 17060 Torrence Avenue Lansing, IL 60438 is 6,089 people.

Q: Who do I contact for questions about 17060 Torrence Avenue?

You should contact the listing agent, Sean Lutz, for any details regarding this commercial listing.

Lansing, IL 60438

Listing ID: 255161

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17060 Torrence Avenue Lansing, IL 60438 | for Sale | Photo 1

Building Size: 5,358 SF

Lot Size: 1.240 AC

Land Size: 54,014 SF

Building $/SF: $717.81

Land $/SF: $71.20

Price

$3,846,000

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Hooters investment property located in Lansing, Illinois (Chicago MSA). The tenant, Hooters of Lansing, Inc., will execute a brand new 15-year lease at the close of escrow (sale leaseback) with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for a passive investor. Hooters has been at this site since 1997 and is a top performing store among other locations in the chain (contact agent for details).

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Retail Space for Sale

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Listing Demographics for 17060 Torrence Avenue Lansing, IL 60438

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		6,089	107,680	241,514
Population Median Age		42	39	38
Population by Age	0-9 Yrs	497 (8%)	12547 (11%)	29585 (12%)
	10-19 Yrs	944 (15%)	16427 (15%)	36453 (15%)
	20-29 Yrs	692 (11%)	14506 (13%)	33541 (13%)
	30-39 Yrs	592 (9%)	11959 (11%)	28198 (11%)
	40-49 Yrs	884 (14%)	14329 (13%)	30092 (12%)
	50-59 Yrs	784 (12%)	14151 (13%)	33111 (13%)
	60-69 Yrs	769 (12%)	12874 (11%)	27206 (11%)
	70+ Yrs	926 (15%)	10888 (10%)	23329 (9%)

Median HH Income		$46,052	$52,603	$51,118
Total Household Income	< 24K	768 (30%)	9493 (23%)	21775 (24%)
	25-49K	624 (24%)	9615 (23%)	21688 (24%)
	50-74K	348 (13%)	8099 (20%)	16752 (18%)
	75-99K	329 (12%)	5013 (12%)	10724 (12%)
	100-199K	416 (16%)	7028 (17%)	15418 (17%)
	200K+	59 (2%)	871 (2%)	2278 (2%)

Highest Education Level	No Diploma	585	7998	20422
	Diploma or GED	1282	21249	47912
	Some College	1026	19771	41673
	Assoc. Degree	319	6426	13545
	Bachelors Degree	627	10307	22659
	Higher Degree	430	5684	11830

Total Housing Units		2,909	45,096	100,898
--Owner-Occupied		1,584	26,528	57,789
--Renter-Occupied		960	13,591	30,847
Owner-Occupied Values	< 100K	596	9085	22456
	100-199K	568	14126	26119
	200-299K	276	2272	6118
	300-399K	108	690	1697
	400-499K	24	108	606
	500K+	11	247	793

Total Working Age Population		5,064	85,273	190,270
In Work Force		3,005	54,528	119,678
Not In Work Force		2,059	30,745	70,593
Workforce Employed		2,609	47,754	105,875
Workforce Unemployed		370	6,687	13,687
Civlian Workforce		2,979	54,441	119,561
Military Workforce		26	86	116

Total Households		2,544	40,119	88,636
Family Households		1,406	25,657	57,693
Non-Family Households		1,138	14,462	30,943
Married Couple		756	13,646	31,562
Other Family		650	12,012	26,131
Married w/Child		220	4,908	11,360
Single Male w/Child		83	1,113	2,137
Single Female w/Child		302	4,869	10,680

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
Will County	502,266	+35	677,560	+34	907,625	+20	1,093,207
Indiana	6,080,485	+7	6,483,802	+4	6,738,573	+4	7,014,880
Lake County	484,564	+2	496,005	-3	479,815	+1	482,321

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 17060 Torrence Avenue in Lansing?

The asking price for 17060 Torrence Avenue is $3,846,000

What is the building size of this Retail property in Lansing, IL?

The size of the building/unit at 17060 Torrence Avenue in Lansing is 5,358 square feet

How much land does the Lansing, IL property at 17060 Torrence Avenue include?

17060 Torrence Avenue in Lansing includes 1.240 acres of land

What kind of Retail is the propery at 17060 Torrence Avenue?

The property at 17060 Torrence Avenue Lansing, IL 60438 is listed as a Food Service Retail property

What is the population within 1 mile of 17060 Torrence Avenue in Lansing?

The population within 1 mile of 17060 Torrence Avenue Lansing, IL 60438 is 6,089 people.

Who do I contact for questions about 17060 Torrence Avenue?

You should contact the listing agent, Sean Lutz, for any details regarding this commercial listing.

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3234 Ridge Road, Lansing, IL	$259,000	438	0.42
901 East 162nd Street, South Holland, IL	$775,000	4225	0.23
3720 Ridge Road, Lansing, IL	$1,698,831	8386	0.92
245 Ridge Rd, Munster, IN	CALL	75000	-
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844 169th Street, Hammond, IN	$199,000	9324	0.72
400 East 162nd Street, South Holland, IL	CALL	6069	0.76
611 Wentworth Avenue, Calumet City, IL	$729,000	10680	0.52

Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	17
Chicago O'Hare International Airport (ORD)	33
South Bend Regional Airport (SBN)	65