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17640 Torrence Ave
Lansing, IL 60438
Retail Property For Sale
Investment Highlights
- Chicago South Suburban Demographics – Strong Population in Five Mile Radius of Over 220,000 and Average Household Income of $83,971.
- T-Mobile (NASDAQ: TMUS) is the Second Largest Wireless Carrier in the U.S. with Over 6,600 Retail Locations and Service Revenue of Over $66 Billion.
- 2025 Remodel – T-Mobile Completed a Full Interior Remodel of the Property in 2025 at Their Own Expense, Showing Their Long-Term Commitment to the Site
- Corporate-Guaranteed Lease – Secured by T-Mobile, a Leading U.S. Wireless Provider.
- Surrounded by National Retailers such as Walmart, Chick-Fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and More.
- Strong Traffic Counts – The Property Benefits from Exceptional Visibility with Traffic Counts of Over 31,000 Vehicles per Day on Torrence Avenue and O
Executive Summary
Marcus & Millichap is pleased to present the T-Mobile at 17640 Torrence Ave in Lansing, located in the south-suburbs of Chicago MSA. The property is a signalized corner at the first Traffic light south of I-94, with a 2,952 SF building (built to suit in 2016) situated on approximately 0.79 acres. T-Mobile completed a full interior remodel of the property in 2025 at their own expense, showing their long-term commitment to the site. With a corporate lease in place, this asset delivers predictable income with limited landlord responsibilities, backed by a nationally recognized credit tenant on a high-traffic location.
The property is strategically located along Torrence Avenue, one of Lansing’s primary retail corridors, just off the I-80/94 interchange with traffic
counts of over 31,000 vehicles per day and 163,000 vehicles per day on I-94.
The property benefits from high visibility within a dense commercial corridor anchored by prominent retailers and restaurants such as Walmart Supercenter, Chick-fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and more.
The surrounding market supports robust consumer demand, with approximately 87,000 residents within a three-mile radius and over 220,000 residents within five miles. Lansing’s proximity to downtown Chicago enhances the property’s long-term fundamentals and investment appeal.
The property is strategically located along Torrence Avenue, one of Lansing’s primary retail corridors, just off the I-80/94 interchange with traffic
counts of over 31,000 vehicles per day and 163,000 vehicles per day on I-94.
The property benefits from high visibility within a dense commercial corridor anchored by prominent retailers and restaurants such as Walmart Supercenter, Chick-fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and more.
The surrounding market supports robust consumer demand, with approximately 87,000 residents within a three-mile radius and over 220,000 residents within five miles. Lansing’s proximity to downtown Chicago enhances the property’s long-term fundamentals and investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,952 SF
Building Class
B
Year Built/Renovated
2016/2025
Price
$2,396,992 CAD
Price Per SF
$811.99 CAD
Cap Rate
7.14%
NOI
$171,237 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Zoning
B-2, Lansing
Parking
62 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 29-25-409-014-0000 | Improvements Assessment | $29,064 CAD |
| Land Assessment | $3,328 CAD | Total Assessment | $32,393 CAD |
Property Taxes
Parcel Number
29-25-409-014-0000
Land Assessment
$3,328 CAD
Improvements Assessment
$29,064 CAD
Total Assessment
$32,393 CAD
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