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Fully Renovated Mixed-Use Office/Retail
For Sale
$949,900

505 S La Grange Road, La Grange, IL 60525

COMMERCIAL - La Grange, IL

Lot Size0.18 Acres
Days on Market49

Property Features for 505 S La Grange Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions LaGrange Road to 47th Street, south to property. 505-507 S. LaGrange Rd. is on the east side of street.
Subdivision La Grange
Standard status Active
APN 18092000060000
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 49211

Utilities

Cooling system Central Air

Building Details

Year built 1960
Floors in Building 2
Number of units 4
Building materials Brick
Listing Agency: EXIT Strategy Realty · EXIT Realty
Listed By: Nick Libert · License #471016048
Added: Jun 16 Last Checked: Aug 3 at 5:06AM
MLS# 12671481

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use commercial property has been extensively renovated throughout to support turnkey occupancy. Updates include new flooring and fresh paint, recessed LED lighting, updated layouts with glass office partitions, new interior doors, and Kwikset SmartKey lock systems for efficient tenant turnover. Updated reception areas on both levels feature marble-inspired granite finishes, and all four bathrooms have been fully renovated with new fixtures and plumbing upgrades in accordance with Village of La Grange occupancy standards. Additional improvements include new upper-level windows, new blinds throughout, and a weatherproof 12-unit mailbox system for parcel delivery and outgoing mail. A lower-level suite offers a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions that can function for presentations or projection.

The property is positioned directly along a heavily traveled commercial corridor in Chicago’s western suburbs, with high-visibility frontage on La Grange Road. Convenient access is highlighted to I-55, I-290, and I-294, and the area includes two nearby Metra BNSF stations. The building is further supported by a comprehensive 24-hour closed-circuit camera system monitoring entrances and the building perimeter, and outdoor visibility is enhanced by a newly installed black monument-style pylon sign.

Five leased units currently generate positive cash flow, while five additional suites are available to support future leasing. With zoning listed as COMMR and a dedicated on-site parking lot with easement rights included in the sale, the property is well suited for investors seeking an income-producing, renovated asset as well as owner-users looking to establish a professional presence with multiple suite configurations.

Key Highlights

  • Brick mixed‑use building on S. La Grange Rd built in 1960 with central air
  • Extensive renovations include new flooring, fresh paint, recessed LED lighting, updated layouts, and modern office finishes
  • All four bathrooms fully renovated with new fixtures and plumbing upgrades per Village of La Grange occupancy standards

Property Analytics

Current Use

Office Units

Lease Details

10
Office units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

807
Businesses Nearby

Demographics for 60525, IL

32,613
Population
12,991
Households
2.5
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
13.1 sq mi
ZIP Area
2,490
Density / Sq Mi
$113,718
Median Household Income
$64,082
Median Earnings
$1,475
Median Rent
$422,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Turnkey renovations, multiple suites, and on-site parking support flexible professional and service tenant needs.
Where is this office units located?
The property is located at 505 S La Grange Road La Grange, IL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Brick mixed‑use building on S. La Grange Rd built in 1960 with central air; Extensive renovations include new flooring, fresh paint, recessed LED lighting, updated layouts, and modern office finishes; All four bathrooms fully renovated with new fixtures and plumbing upgrades per Village of La Grange occupancy standards
More about this property
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