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    505 S Ln Grange Rd La Grange, IL 60525

    For Lease
    $26 SF/Yr

    Other - La Grange, IL

    Days on Market:
    178
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 505 S Ln Grange Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Number of units
    2
    Architectural style
    Other

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Rosalba Melendres (312) 554-5478 License #475184680

    Listing date Jun 19, 2025

    MLS# 12217780 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    LaGrange Road Mixed-Use Property

    This mixed-use property is located on LaGrange Road, within walking distance of downtown LaGrange. The recently renovated space is suitable for retail, professional services, or a combination of both, and is easily divisible. It is well maintained with recent improvements and a pleasing neutral aesthetic. The first floor can be divided for two tenants, featuring two separate entrances, restrooms, and HVAC systems. A generous off-street parking lot is available. Situated between Countryside and downtown LaGrange, this property is suitable for a new business venture or an established business.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.8717
    Latitude
    41.7814

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    FAQs

    What type of property is this?
    Retail space - Renovated mixed-use property suitable for retail or professional services.
    Where is this retail space located?
    The property is located at 505 S Ln Grange Rd La Grange, IL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Walking distance to downtown LaGrange.; - Recently renovated with a pleasing neutral aesthetic.; - Mixed-use property suitable for retail or professional services.
    (312) 554-5478
    Request Owner's contact information
    505 S Ln Grange Rd La Grange, IL 60525
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 S Ln Grange Rd La Grange, IL 60525
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