T-Mobile — Sale in Lansing, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lansing, IL 60438

Photos

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Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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

Market Context

This retail in Lansing, IL is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Lansing, IL — view the full market.

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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