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3120 E 170TH ST
LANSING, IL 60438-1117
Asking Price
$1.90M
Asset Type
Distribution Industrial
Class
Class B
What's Special
<p>Prime industrial development opportunity with approved plans from the City of Lansing to build::</p><p>Land Size: ±4.08 Acres</p><p>• Two (2) metal truck repair buildings</p><p>• ±12,000 SF total (6,000 SF each)</p><p>• Eight (8) drive-in doors per building</p><p>• Office build-out included</p><p>Incentives</p><p>• City support for 6B Property Tax Incentive (10 Years)</p><p>• Approx. 60% reduction in real estate taxes</p><p>Rare opportunity to acquire entitled industrial land with significan
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
