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Office

S La Grange Center

631 South La Grange Road, La Grange, IL 60525

Listing Price: $325,000

Cap Rate
8.46%
Gross SF
5,808
Rentable SF
5,808
Price/Gross SF
$55.96
Lot Size
0.29 acres
Year Built
1965

Investment Overview

Marcus & Millichap is pleased to present a value add property located in La Grange, Illinois. The property is located at 633 S La Grange Road, less than one mile from the heart of downtown La Grange and all it has to offer. The property has twelve commercial units that can be used for office or retail and two residential apartments. There is also an open area adjacent to the building that is being leased out for parking but could be built on.

The property has multiple vacancies with mostly month-to-month leases. One residential tenant is without a lease and the other expires in 2023. The city of La Grange is very open for this property to be redeveloped into something more appealing. You can build lot line to lot line and there are no setbacks.

La Grange is a vibrant community located approximately 13 miles west of downtown Chicago, IL. Its downtown boasts many restaurants, shopping, and train access. The demographics are excellent with over 80% of employees are in white-collar occupations and the average household income is over $153,000 per year.

Investment Highlights

  • 14 Unit Mixed Use | Office and Apartments
  • Less Than One Mile From Downtown La Grange
  • Value Add Opportunity
  • Excellent Infill Location | Each Suite has its Own Entrance
  • Redevelopment Possible and Wanted by City

Exclusively Listed By

Listing Price: $325,000

Cap Rate
8.46%
Gross SF
5,808
Rentable SF
5,808
Price/Gross SF
$55.96
Lot Size
0.29 acres
Year Built
1965

Investment Highlights

  • 14 Unit Mixed Use | Office and Apartments
  • Less Than One Mile From Downtown La Grange
  • Value Add Opportunity
  • Excellent Infill Location | Each Suite has its Own Entrance
  • Redevelopment Possible and Wanted by City

Investment Overview

Marcus & Millichap is pleased to present a value add property located in La Grange, Illinois. The property is located at 633 S La Grange Road, less than one mile from the heart of downtown La Grange and all it has to offer. The property has twelve commercial units that can be used for office or retail and two residential apartments. There is also an open area adjacent to the building that is being leased out for parking but could be built on.

The property has multiple vacancies with mostly month-to-month leases. One residential tenant is without a lease and the other expires in 2023. The city of La Grange is very open for this property to be redeveloped into something more appealing. You can build lot line to lot line and there are no setbacks.

La Grange is a vibrant community located approximately 13 miles west of downtown Chicago, IL. Its downtown boasts many restaurants, shopping, and train access. The demographics are excellent with over 80% of employees are in white-collar occupations and the average household income is over $153,000 per year.

Exclusively Listed By

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