6 W Burlington Ave - Storefront Retail/Residential FOR SALE


La Grange, IL 60525
$1,250,000 USD
630-707-3774
6 W Burlington Ave, La Grange, IL for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

6 W Burlington Ave
La Grange, IL 60525


OVERVIEW

3,250 SF Owner-user investment opportunity with lower level in the heart of Downtown La Grange, Illinois central business district. Prime location directly across from the La Grange Metra train station in the heart of shopping, restaurants, and entertainment. Outstanding location with excellent visibility. The first-floor vacant retail space offers 1,639 square feet. The second floor features a two-bedroom, two-bath apartment (Approx. 1,300 SF) that was recently gutted and fully renovated with numerous high-end upgrades and currently rents for $3,100 per month. See photos. The first-floor retail space is currently a "vanilla box" without washrooms. Recent building improvements include complete demolition and renovation of both the first and second floors, a new roof, tuck pointing, skylights, gutters and downspouts, driveway, rear deck, staircase, rear lighting, and a new front staircase. Additional upgrades include permanent sealing of the basement, new plumbing from the main line, rough-in fire alarm system, second floor HVAC, new power lines from the pole to the building, new drywall on the first-floor walls, and double drywall on the first-floor ceiling per village code requirements, 2 new sumps, paved basement floor and more.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C-1CR

APN/PARCEL ID

18-04-123-017-0000

ASK ABOUT THIS PROPERTY

Mark ButlerMark Butler PropertiesMore Info
630-707-3774

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Mark ButlerMark Butler PropertiesMore Info
630-707-3774

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