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Lansing, IL

17550-17546 Chicago Avenue

Address:
17550-17546 Chicago Avenue Lansing, IL 60438
Property Type:
Single-Tenant
Price:
$865,000
Cap Rate:
10.02% cap
NOI:
$86,664
Square Feet:
6,950 sqft
Lot Size:
0.38 acres
Price Per Square Foot:
$124.46
Year Built:
1985
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Fully Occupied Two-Building 6,950-Square-Foot Industrial Asset Situated on 0.38 Acres
  • Featuring Masonry Construction, 10′-16′ Clear Heights, and Six Grade-Level Doors
  • Partial Sale Leaseback Opportunity with FineTune Auto | Five-Year NNN Lease Offer at $17.17/SF on 3,650 SF with 3.0% Escalations and Two Five-Year Renewal Options
  • Newly Signed Three-Year NNN Lease with Five Star Collision at $7.27/SF on 3,300 SF with 3.0% Escalations
  • Pro-forma 10.32% Cap Rate | Landlord Responsibilities Limited to Roof & Structure
  • Located Along I-80/I-94 Near Border of Illinois & Indiana | Property Currently Benefits and is Eligible for Renewable Cook County Class 8 Property Tax Incentive

Investment Overview

For sale is a fully occupied two-building industrial asset situated on 0.38 acres. It features masonry construction with clear heights ranging from 10 to 16 feet and six grade-level doors. The property’s design and layout provide an ideal setting for industrial operations. The location of the property is also advantageous, being situated along I-80/I-94 near the border of Illinois and Indiana. This strategic location allows for easy access to major transportation routes. The property’s eligibility for the renewable Cook County Class 8 property tax incentive is an added benefit. The incentive can help reduce the property’s tax burden.

The property’s lease structure is attractive, with a partial sale leaseback opportunity with the seller, FineTune Auto. Upon closing, FineTune Auto plans to sign a five-year triple-net lease at $17.17 per square foot on 3,650 square feet, with 3.0 percent annual escalations and two five-year renewal options. Additionally, Five Star Collision recently signed a three-year triple-net lease at $7.27 per square foot on 3,300 square feet, with 3.0 percent annual escalations, providing further stability to the property’s income stream. The leases are structured to provide a steady stream of income with opportunities for growth. The property’s pro forma 10.32 percent cap rate is a testament to its potential for strong returns. The landlord’s responsibilities are limited to roof and structure, making it an attractive option for investors.

BROKER OF RECORD
Steven Weinstock
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Tel: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370024)