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14 Burlington Ave La Grange, IL 60525

12,600 SF, 7 Tenants, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property, located at 10-14 W Burlington Ave in La Grange, IL, presents a compelling value-add investment opportunity. The 12,600 square foot, two-story building boasts a prime location on a corner lot with high daily traffic volume (22,300 vehicles). Built in 1983, the Class B property features a mix of retail and executive office spaces, currently 84.59% occupied by seven tenants, including a long-term Hallmark Gold Crown tenant. The building offers 16 units across its two stories and includes six on-site parking spaces, supplemented by ample street parking. The property benefits from a Gross Lease structure and a favorable C-1CR zoning designation. Its strategic location provides easy access to major roadways (2.3 miles to I-294 and 3.6 miles to I-55), and proximity to the La Grange Metra station ensures convenient commuting to Chicago. The strong tenant base, including the anchor Hallmark tenant, generates a substantial Net Operating Income (NOI) of $93,272.26. The affluent La Grange community, with its high median income ($132,340) and average home value (over $514,000), provides a stable and desirable market for this investment. This property offers a rare opportunity to acquire a well-positioned, income-producing asset in a thriving suburban Chicago location.

Highlights

  • Six on-site parking spaces plus ample street parking.
  • C-1CR zoning.
  • Excellent highway access: 2.3 miles to I-294 and 3.6 miles to I-55.
  • Multi-tenant retail/office building with 7 tenants.
  • Hallmark Gold Crown is a long-term anchor tenant.
  • Built in 1983.

Property Details for 14 Burlington Ave

Property type
Retail properties, Office properties
Square Feet
12,600 SF
Class
B
Year Built
1983
Buildings
1
Stories
2
Units
16

Location Insight

City
La Grange
County
Cook
State
Illinois
Latitude
41.81581161
Longitude
-87.87049855

FAQs

What type of property is this?
Retail property - 12,600 SF, 7 Tenants, High NOI
Where is the retail property located?
The property is located at 14 Burlington Ave La Grange, IL.
What are key features of this property?
This property features: Six on-site parking spaces plus ample street parking.; C-1CR zoning.; Excellent highway access: 2.3 miles to I-294 and 3.6 miles to I-55.
How can I contact the broker?
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14 Burlington Ave
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