711 W Hillgrove Ave - Storefront Retail/Residential FOR SALE


La Grange, IL 60525
$950,000 USD
708-217-5004
711 W Hillgrove Ave, La Grange, IL for Sale
$950,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

NEW


711 W Hillgrove Ave
La Grange, IL 60525


HIGHLIGHTS

  • Fully renovated mixed-use property featuring commercial and residential components.
  • More than $275,000 in recent improvements, including infrastructure and aesthetics.
  • Illuminated rear parking lot with 11 on-site spaces, a rare amenity in La Grange.
  • Located steps from Metra BNSF commuter rail and vibrant downtown retail destinations.
  • Includes security, wired audio systems, washer/dryer hookups, and advanced plumbing upgrades.

OVERVIEW

Exceptional opportunity to own a fully renovated mixed-use building in the heart of downtown La Grange. Situated on a 5,841 SF lot, the property features approximately 3,279 square feet above grade (excluding the basement), including a beautifully updated 1,435 SF street-level commercial space currently operating as a salon, along with two second-floor residential apartments totaling approximately 1,354 SF. This property has undergone more than $275,000 in recent improvements, including a full apartment renovation completed in 2025, new AC unit and water heater in 2024, exterior tuckpointing and brick cleaning, salon build out upgrades, enhanced plumbing, lighting improvements, and updated mechanicals. Additional features include a wired music system throughout the salon, a 7 camera security system, washer/dryer hookups in the basement and retail space, an in-unit washer and dryer in the two-bedroom apartment, Culligan reverse osmosis systems, an illuminated rear parking lot, and 11 on-site parking spaces-an extremely rare amenity in downtown La Grange. Ideal for an owner-user seeking to operate their business on the first floor while generating supplemental income from the residential units above. Low 2023 real estate taxes of approximately $11,908 further enhance the appeal of this unique investment opportunity.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,042 SF

ZONING

C-2

APN/PARCEL ID

18-04-112-050-0000

ASK ABOUT THIS PROPERTY

Frank Paganis, CCIMColdwell Banker Commercial Real Estate GroupMore Info
708-217-5004

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Frank Paganis, CCIMColdwell Banker Commercial Real Estate GroupMore Info
708-217-5004

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