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33526683
33526682

2800 BERNICE RD, LANSING, IL 60438

JP
IL 471010441
Horvath & Tremblay
BH
IL 475.192152, IL IL 475192152
Horvath & Tremblay
AS
IL 475173833
Listed by Horvath & Tremblay
$2,500,000
3 days on market
Updated 3 days ago

2800 BERNICE RD

Details
APN 30-30-122-014-0000
Property Type Industrial
Sub Type Flex
Square Footage 114,352
Net Rentable (SqFt) 114,352
Units 25
Occupancy 72%
Tenancy Multi
Pro-Forma Cap Rate 19.21%
Pro-Forma NOI $480,140
Price per SqFt $22
Year Built 1960
Acreage 6.080
Parking Spaces spaces
Ground Lease No
Ownership Fee Simple

Industrial | 114,352 Sq Ft | Multi-Tenant

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the industrial building located at 2800 Bernice Road in Lansing, Illinois (the “Property”). The Property contains a total of 114,352 square feet of gross leasable area on 6.08-acres of land spread over three (3) individual tax lots. The Property is comprised of twenty-five (25) units and is 72% leased to a complimentary mix of industrial and flex tenants. The Property offers significant upside through the lease up of the vacant space and by restructuring month-to-month tenancies with below market rents to market rates.

The Property is located along Bernice Road offering quick and convenient access to Torrence Avenue and Interstate 80/94, the area’s primary commercial and commuter corridors. Positioned within Chicago’s highly sought-after South Suburban industrial corridor, the Property sits in one of the most significant logistics and distribution markets in the United States and benefits from immediate access to Interstate 80/94, Interstate 294, Illinois Route 394, and numerous major freight corridors, providing exceptional connectivity to the greater Chicago metropolitan area, Northwest Indiana, and national transportation networks.

Lansing is a well-established suburban community within the greater Chicago metropolitan area and is situated approximately 25 miles south of downtown Chicago and just north of the Indiana border.

Investment highlights

THE ASSET: The Property is a large industrial center with 114,352 square feet of leasable space. Built in three phases from 1960 to 1994, the Property is positioned on 6.08 acres of land spread over three parcels.

UPSIDE POTENTIAL: 2800 Bernice Road is 72% leased to a mix of industrial and flex tenants and offers significant upside through the lease up of the 32,015 square feet of vacant space. The site has eight (8) vacant units ranging from 1,260 square feet to 10,000 square feet, offering flexibility to meet the needs of a variety of prospective tenants. Additionally, the in-place tenants are on month to month or short term (less than one year) leases, offering the ability to increase rents to market rates by restructuring leases with existing tenants or through second generation tenants. STRATEGIC LOCATION: The Property is ideally positioned along the Interstate 80/94 corridor, with quick access to Torrence Avenue, the area’s primary commercial and commuter roadway. The Property is convenient to national and local retailers and restaurants, industrial complexes, schools, and densely populated residential neighborhoods providing a captive and close workforce.

Lansing is strategically positioned within Chicago’s highly sought-after South Suburban industrial corridor, one of the most significant logistics and distribution markets in the United States. The village benefits from immediate access to Interstate 80/94, Interstate 294, Illinois Route 394, and numerous major freight corridors, providing exceptional connectivity to the greater Chicago metropolitan area, Northwest Indiana, and national transportation networks. Its location near the Port of Indiana, extensive rail infrastructure, and major intermodal facilities supports a wide range of distribution, warehousing, manufacturing, and supply chain operations.

The market also benefits from access to one of the nation’s largest and most diverse labor pools, drawing workers from both Illinois and Indiana. Compared to infill Chicago industrial submarkets, Lansing offers more competitive land and occupancy costs while maintaining proximity to a vast consumer base of nearly 10 million residents. Continued demand for logistics and last-mile distribution space, coupled with limited industrial land availability in many nearby submarkets, has strengthened the appeal of the South Suburban region. These advantages position Lansing as an attractive location for industrial users seeking efficient transportation access, workforce availability, and long-term growth potential within the broader Chicago industrial market.

TRAFFIC COUNTS: Approximately 180,200 vehicles pass near the Property each day along Interstate 80/94.

STRONG DEMOGRAPHICS: Over 104,200 people live within 3 miles of the Property with an average household income of $88,050. More than 239,300 people live within 5 miles of the Property with an average household income of approximately $90,734. Additionally, there are more than 88,400 employees within 5 miles of the Property.

Listing Contacts

JP
IL 471010441
Horvath & Tremblay
BH
IL 475.192152, IL IL 475192152
Horvath & Tremblay
AS
IL 475173833
Listed by Horvath & Tremblay

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Additional Information

Name
John Przybyla
License
471010441
Name
Brent Holder
License
475.192152
Brokerage
Horvath & Tremblay
Brokerage Phone
773-941-0389
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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