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31686809
31686810

17640 Torrence Avenue, Lansing, IL 60438

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap, Marcus & Millichap - Chicago Oak Brook
$1,750,000
50 days on market
Updated 0 days ago

T-Mobile | 2025 Remodel | Hard Corner

Details
Property Type Retail
Sub Type Wireless communication
Square Footage 2,952
Cap Rate 7.14%
NOI $125,017
Occupancy 100%
Tenancy Single
Brand/Tenant T-Mobile
Lease Type NN+
Lease Term 2.7
Lease Expiration 04/29/2028
Remaining Term 2
Lease Options Two - 5 Year Options
Price per SqFt $593
Class A
Year Built 2016
Year Renovated 2025
Acreage 0.790
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/04/2025
Ground Lease No

Hard Corner to Walmart & Chick-fil-A | 7.14% Cap

Marketing description

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.

Investment highlights

Chicago South Suburban Demographics – Strong Population in Five Mile Radius of Over 220,000 and Average Household Income of $83,971.

Corporate-Guaranteed Lease – Secured by T-Mobile, a Leading U.S. Wireless Provider.

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.

Surrounded by National Retailers such as Walmart, Chick-Fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and More.

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.

Strong Traffic Counts – The Property Benefits from Exceptional Visibility with Traffic Counts of Over 31,000 Vehicles per Day on Torrence Avenue and Over 163,000 Vehicles per Day On I-94/294.

Listing Contacts

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap, Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,017.00
$10,418.08/mo

Valuation Metrics

0
DSCR
7.14%
Cap Rate
7.14%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
Name
Dave Saverin
License
475185449
Brokerage
Marcus & MIllichap
Brokerage Phone
3148892555
Title
Real Estate Broker
Name
Jake Nowak
License
475216742
Brokerage
Marcus & Millichap
Brokerage Phone
3148892565
Title
Associate Investments
Name
Steven Weinstock
License
IL 471011175
Brokerage
Marcus & Millichap
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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