For Sale
$1,550,000

18 Burlington Ave La Grange, IL 60525

Prime La Grange location, multi-tenant, high income area.

Overview

Added:
Dec 11, 2024
Days on market:
132
This fee-simple 10,525 square foot building in La Grange, Illinois, presents a unique investment opportunity. Located at 18 W Burlington Ave, this multi-tenant property features 5,176 square feet of first-floor retail space currently occupied by Club Pilates and Peak Running, and 5,287 square feet of second-floor executive offices. The building boasts 100% occupancy with long-term leases in place. The property offers potential for owner-user occupancy or a sale-leaseback arrangement, with the possibility of converting the second floor to residential use given the high demand and transit-oriented location. Situated across from the La Grange Metra station, providing direct access to Chicago, the property benefits from high visibility and daily traffic counts of 22,300 vehicles. The building features six parking spaces and is zoned C-1CR. Built in 1985, the property is fully sprinklered and enjoys exceptional curb appeal in a thriving community with a median income exceeding $132,340 and average home values over $514,000. Its proximity to major highways (2.3 miles to I-294, 3.6 miles to I-55), O'Hare (17 miles), and Midway (10 miles) airports further enhances its appeal. This is a rare opportunity to acquire prime real estate in a highly desirable suburban Chicago location. A virtual tour is available.

Highlights

  • Multi-tenant retail/office building.
  • Six parking spaces plus street parking.
  • C-1CR zoning.
  • 2.3 miles to I-294; 3.6 miles to I-55.
  • Built in 1985.
  • High traffic counts: Burlington Ave (1,900 VPD), La Grange Rd (20,400 VPD).

Property Details for 18 Burlington Ave

Property type
Retail properties, Office properties
Square Feet
10,525 SF
Year Built
1985

Location Insight

City
La Grange
County
Cook
State
Illinois
Latitude
41.81577376
Longitude
-87.87066994

FAQs

What type of property is this?
Retail property - Prime La Grange location, multi-tenant, high income area.
Where is the retail property located?
The property is located at 18 Burlington Ave La Grange, IL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Multi-tenant retail/office building.; Six parking spaces plus street parking.; C-1CR zoning.
How can I contact the broker?
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18 Burlington Ave
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