512 W Burlington Ave - Office FOR SALE


La Grange, IL 60525
$2,950,000 USD
630-737-1200
512 W Burlington Ave, La Grange, IL for Sale
$2,950,000 USD
Office - FOR SALE
1/10
null | 8.34% Cap Rate

512 W Burlington Ave
La Grange, IL 60525


OVERVIEW

Prime Investment Opportunity ~ 23,125 Office building anchored by Duly Medical and other medical / professional tenants over 2 levels with elevator access. This 0.5 acre site is located in vibrant West-end Downtown La Grange steps to the Metra Station Crossing. Strong income-producing properties at 91 % occupancy. Rare on-site parking of 10 exterior and 8 indoor garage parking spaces with overhead drive-in doors. 512 Burlington is surrounded by retail, office, and medical users. Sits along the train line with residential multi-family and homes less than a block away. Potential to redevelop the 2nd floor.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

8.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commerce Place

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-2, La Grange

APN/PARCEL ID

18-04-120-002-0000,18-04-120-003-0000,18-04-120-004-0000,18-04-120-005-0000

ASK ABOUT THIS PROPERTY

Becky BossardSchulz Properties, Ltd.More Info
630-737-1200

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Becky BossardSchulz Properties, Ltd.More Info
630-737-1200

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