Positioned along the highly visible LaGrange Road corridor, this fully leased multi-tenant commercial property offers a rare investment opportunity in one of Chicago’s most desirable suburban markets. Constructed in the 1950s with durable masonry, the building spans 12,600 square feet on a 12,500-square-foot site, delivering strong curb appeal and excellent exposure to over 26,000 vehicles daily. The property benefits from C-3 commercial zoning, allowing for a wide range of potential uses and future adaptability.
The asset features a diverse tenant mix, ensuring stable income streams and reducing vacancy risk. With a gross annual income of $140,640 and a competitive asking price of $810,000, this property presents an attractive cap rate for investors seeking long-term value. Surrounding demographics underscore the strength of the location: within a 3-mile radius, the population exceeds 100,000 with an average household income of $138,826, signaling robust consumer spending power.
LaGrange is a vibrant community known for its walkable downtown, affluent neighborhoods, and proximity to major transportation routes. The property’s strategic location offers easy access to I-55 and I-294, connecting tenants and customers to the broader Chicago metropolitan area. Whether you’re an investor seeking steady returns or a user looking for a prime location, this property delivers exceptional visibility, strong fundamentals, and enduring market appeal. CALL BROKER FOR RENT ROLL.