500-504 W Burlington Ave - Storefront Retail/Office FOR SALE


La Grange, IL 60525
$6,730,000 USD
630-570-2238
500-504 W Burlington Ave, La Grange, IL for Sale
$6,730,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 8% Cap Rate

500-504 W Burlington Ave
La Grange, IL 60525


HIGHLIGHTS

  • 3 building collection located in Downtown La Grange | Occupies an entire city block with nearly 300 feet of frontage along W Burlington Ave
  • Add-value opportunity | Two of the buildings are 100% occupied, while one building has 2,891 square feet of vacant space available for add-value
  • Notable national tenants: Rush Physical Therapy, Duly Healthcare, Mathnasium, and Berkshire Hathaway HomeServices
  • Across the street from Metra Train Station (7,376,419 passengers in 2024, up 19.64% from 2023)
  • Average household income of $181,947 within a mile radius
  • Rush Physical Therapy has a private parking lot in the back with 21 available spaces

OVERVIEW

Investors are offered the opportunity to acquire a three-building collection which occupies a full city block in downtown La Grange, one of the most desirable western suburbs of Chicago. The current ownership has methodically assembled this portfolio over the last twenty years. Downtown La Grange Collection offers investors a variety of long-term options, which include holding for strong cash flow or re-developing the site in the future given the substantial size of the combined parcels. The property features long-operating tenants—including Duly Health Care (since 2007), Corte Dental (since 1994), and several others with 10–20+ years of history—along with notable national tenants such as Rush Physical Therapy, Mathnasium, and Berkshire Hathaway HomeServices. The property offers outstanding transit access, sitting directly across from the high-traffic Stone Ave Metra Station and near the La Grange Amtrak Station. The site also benefits from excellent surrounding demand drivers, including Lyons Township High School (3,767 students) and a dense mix of local and national retailers. The trade area is extremely affluent and highly populated, with over 104,000 residents and 117,000 employees within three miles, as well as an average household income of $181,947 within one mile.

FOR SALE DETAILS

PRICE

$6,730,000 USD

PRICE/SF

$886 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown La Grange Collection

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

-

APN/PARCEL ID

18-04-120-006-0000,18-04-120-007-0000,18-04-120-008-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.