For Sale or Lease - 13,905 SF Former Walgreens on 1.27 Acres

Investment Overview

Investment Highlights

• 13,905 SF Former Walgreens: Freestanding former drugstore equipped with an existing drive-through.
• ±1.27-Acre Site: Built in 1999, with on-site parking and drive-through circulation.
• Signalized Hard Corner with Excellent Frontage: Approximately 284.5 feet along Torrence Avenue and 125 feet along Ridge Road, providing visibility along both corridors.
• Strong Traffic Exposure: Reported traffic counts of 30,027+ vehicles per day on Torrence Avenue and 8,633+ vehicles per day on Ridge Road.
• Established Chicago Suburb: Located in Lansing, Illinois, within the Chicago metropolitan area.
• Dense Surrounding Demographics: Approximately 76,000 residents within three miles and more than 220,000 residents within five miles.
• B-2 Community Retail and Service Zoning: Commercial designation intended for retail and service uses. Prospective buyers and tenants must independently verify permitted uses and required approvals with the Village of Lansing.
• 2020 Roof Replacement: TPO roof replaced in 2020, backed by a 10-year contractor warranty and 20-year manufacturer warranty.
• Proximity to Proposed Chicago Bears Stadium Development: Located in Lansing near Hammond, Indiana, the property offers potential upside from the Bears’ proposed stadium and mixed-use development near Wolf Lake, which could increase regional visitation, consumer spending and retail demand if completed
• Current tenant occupies the building until February 28, 2027, paying $28,737 Monthly.