2936 Bernice Road

Lansing, IL 60438

$229,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Mixed-Use Commercial Property in Lansing, IL - Income-Producing! This well-maintained mixed-use property in the heart of Lansing offers an excellent investment opportunity with solid rental income. The building features two large office spaces currently rented as one, as well as two 1-bedroom apartments, each with good space. With reliable tenants already in place, the property generates consistent cash flow, making it a smart addition to any investor's portfolio. The property is in good condition...Prime Mixed-Use Commercial Property in Lansing, IL - Income-Producing! This well-maintained mixed-use property in the heart of Lansing offers an excellent investment opportunity with solid rental income. The building features two large office spaces currently rented as one, as well as two 1-bedroom apartments, each with good space. With reliable tenants already in place, the property generates consistent cash flow, making it a smart addition to any investor's portfolio. The property is in good condition and provides ample potential for future updates or customization to suit your needs. Whether you're looking to continue as-is with minimal maintenance or implement value-added improvements, the versatility of this mixed-use space allows for various possibilities. Additionally, the property's ideal location is a major selling point. Situated near shopping, dining, and essential services, as well as major thoroughfares, it offers convenience and accessibility for both residential and commercial tenants. With its established income stream, strong rental history, and excellent location, this property presents a unique opportunity to invest in a great area. Don't miss out on this chance to acquire a stable, income-producing asset with long-term potential.
  1. Listed by James Samuelson • Berkshire Hathaway HomeServices Executive Realty

Property Details for 2936 Bernice Road

Area
Lansing
Township
Thornton
Zoning
COMMR
LISTING UPDATED: 10/24/2024 12:07 AM

Property Details for 2936 Bernice Road

StatusActive
MLS #12191970
Days on Market95
Taxes$12,226 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1973
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 2936 Bernice Road

Stories2Residences3Year Built1973Lot Size0.14 AC / 6,250 SF

Property Information for 2936 Bernice Road

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: City Street, Frontage Road, Interstate, Public Road, US Highway
  • Geographic Locale: South Suburban,Chicago South
  • Information: 24-Hr Notice Required,Seller's Disclosure
  • Postal Code Plus 4: 1279
Taxes and HOA Information
  • Estimated Tax/Sf: 3.15
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Exhaust Fan, Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Flooring: Carpet, Concrete, Tile, Varies, Vinyl
  • Heat/Ventilation: Hot Water
  • # Of Window/Ac: 5
  • # Of Refrigerators: 2
  • Misc Inside: Atrium,Common Lunchroom/s,Common Meeting Room/s,Accessible Entrance,Multi-Tenant,Private Restroom/s,Storage Inside,High Speed Comm Circuits,Pre-wired PC Network
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Water Drainage: Floor Drains,Storm Sewers
  • Misc Outside: Balcony/ies,Enclosed Stairs,Accessible Entrance,Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50' X 125'
  • Lot Size Square Feet: 6250.0
  • Stories: 2
  • Exterior Building Type: Cedar, Shakes, Stone
  • Construction: Brick, Wood Frame
  • Roof Type: Membrane, Rubber, Shake
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat,Mansard
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 2960
  • # Of Offices: 2
  • Office SqFt: 1100
  • # Of Ranges: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc/Store, Apts/Stores, Ofc/Store
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Office and Research, Multi-Family, Retail, Special Use
  • Buyer Financing: Conventional, Cash, Other
  • Documents Available: Rent Roll,Operating Statement
  • Docks: None,Service Entrance
  • Public Document Count: 3
  • Document Date: 2024-10-18T18:42:03
  • Photos Count: 17
Miscellaneous
  • Current Use: Commercial, Office, Special Use, Other
  • Location: Commercial Business Park,Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $345.00
  • Fuel Expense: $2,230.00
  • Gross Income: $32,400.00
  • Gross Scheduled Income: $32,400.00
  • Insurance Expense: $6,107.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 2700
  • Water Expense Source: Actual
  • Net Operating Income: $5,534.00
  • Operating Expense: $26,866.00
  • Other Expense: $125.00
  • Trash Expense: $3,728.00
  • Water Sewer Expense: $2,105.00

Property History for 2936 Bernice Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2936 Bernice Road

Taxable ValueLand$2,187Additions$16,625Total$18,812
Tax Record2022$12,226 ($1,019 / month)
Home Facts
Baths4Total Finished SqFt2,960 SqFtAbove Grade Finished SqFt2,960 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1973CountyCOOKAPN30-30-220-018

Schools near 2936 Bernice Road

This home is within Lansing School District 158.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lester Crawl Primary Center
PublicPK to 1

Reavis Elementary School
PublicK to 5

Memorial Jr High School
Public6 to 8

Thornton Fractnl So High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2936 Bernice Road is a mixed use property for sale in Lansing, IL 60438. This property was listed for sale on October 18, 2024 by Berkshire Hathaway HomeServices Executive Realty, it's currently listed at $229,900. This listing's school districts are Lansing School District 158, Thornton Fractional Twp Hsd 215 School District. Nearby schools include Lester Crawl Primary Center, Reavis Elementary School and Memorial Jr High School. 2936 Bernice Road is a 0-bed, 0-bath, mixed use property built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Executive Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/24/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.