Contacts

Drew McElligott

Portal Properties

Property Details

Property Type Retail - Street Retail
Property Size 2,700 SF
Lot Size 0.05 Acre
Additional Rent Contact for pricing
Date Updated Jan 4, 2025

Retail storefront along BurlingtonWith approximately 1,400 square feet of prime downtown La Grange space zoned for restaurant or retail, this is the rare opportunity for a retail or restaurant operator to own their downtown La Grange property and have the option to either live in the newly-improved apartment directly above their business or continue to lease the apartment for added revenue. MIXED-USE INVESTOR OPPORTUNITY The Property consists of an existing, leased 2nd floor apartment generating immediate income with additional revenue from the lease-up of the ground-floor retail space. ASSEMBLAGE OPPORTUNITY FOR DEVELOPERS With multiple adjacent properties currently available for purchase, a developer has the opportunity to potentially acquire the Property in conjunction with other neighboring properties offering greater size and scale for future potential redevelopment, or continued collection of retail, residential, and office rents in a thriving and growing suburban downtown district.Lease

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Highlights

Prime storefront retail space + leased 2nd floor apartment.
Mixed-use opportunity for investors, assemblage opportunity for developers, OR owner-user opportunity for retail/restaurant operators.
$40,800 current annual gross rental income (apt. unit) + a growing market rent of ground-level retail.
Assemblage opportunity for developers/investors to purchase along with peer adjacent properties.
Steps west of La Grange Road (19K cars) and 700 feet south of ridiculously-busy Ogden Ave-La Grange Road intersection.
Directly across from La Grange Metra station and just east of 180+ stall public parking lot.
Economic drivers and traffic-generators include growing commuter traffic, growing retail/restaurant development, and growing active/senior living communities and customer base.

Getting around

95/100
Walk Score ®
57/100
Bike Score ®

Powered by Walk Score ®

Location

City La Grange, IL
Zip Code 60525
Market Chicago

Points of Interest

LaGrange Road

0.05 miles
Stone Avenue

0.41 miles
Congress Park

0.70 miles
Brookfield

1.49 miles
Western Springs

1.66 miles
Hollywood

2.00 miles
Riverside

2.65 miles
Hinsdale

3.12 miles
Summit

3.44 miles
Harlem Avenue

3.73 miles

Citgo

0.51 miles
Exxon

0.53 miles
Mobil

0.99 miles
BP

1.28 miles
Amoco

1.52 miles
Shell

1.61 miles
ChargePoint

2.12 miles
Soofa Solar Phone Charger

7.43 miles
EVgo

8.37 miles
eVgo

9.29 miles

Calendar Ave Lot

0.10 miles
Harris Ave Lot

0.13 miles
Madison Ave Lot

0.15 miles
Parking Deck

0.15 miles
South Lot

2.16 miles
Overflow Lot

2.27 miles
North Lot

2.35 miles
Discovery Center Lot

2.39 miles
Truck Parking

3.01 miles
Parking Deck C

3.24 miles

Back Alley Burger

0.04 miles
Aurelio's Pizza

0.04 miles
Kama Indian Bistro

0.04 miles
Barrel House Social

0.04 miles
Grapevine Mediterranean Gourmet Cafe

0.05 miles
Shang Noodle

0.06 miles
Aodake Ramen

0.06 miles
Luccas

0.06 miles
Fourteensixteen

0.06 miles
Yau's Place

0.07 miles

Trader Joe's

0.13 miles
Olivaceto

0.19 miles
ALDI

0.39 miles
The Dinner Club

0.44 miles
Fruitful Yield

0.51 miles
Jewel-Osco

0.58 miles
Mariano's Fresh Market

1.37 miles
Tischler's Fine Foods

1.39 miles
TJ Maxx

1.93 miles
Marshalls

1.94 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.