Renovated Mixed-Use
For Sale
$949,900
505 S La Grange Road, La Grange, IL 60525
Commercial Sale, La Grange, IL
Property SizeContact for details
Lot Size0.18 Acres
Days on Market94
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
Amenities
updated reception areas
mailbox system
full-service kitchen
large-format televisions
24-hour closed-circuit camera system
pylon sign
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
EXIT Strategy Realty · EXIT Realty
(312) 554-5478
Listed By:
Nick Libert · License #471016048
(312) 493-0920
Added: Jun 16
Changed: Aug 20
Last Checked: Sep 17 at 2:06PM
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 brick mixed-use property at 505 S La Grange Road combines renovated office-oriented space with flexible commercial improvements. Updates include new flooring, paint, recessed LED lighting, revised layouts, glass office partitions, upper-level windows, window blinds, plumbing enhancements, and modernized reception areas. Central Air serves the building, which was constructed in 1960. Four bathrooms were renovated, and a 12-unit mailbox system includes parcel delivery and outgoing mail functions.
The lower level includes a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions used for presentations. A 24-hour closed-circuit camera system covers entrances and building perimeters. Exterior features include a black monument-style pylon sign and a dedicated parking lot with easement rights included in the sale. Five units are leased, while five suites are available. The property is zoned COMMR and is positioned near I-55, I-290, I-294, two Metra BNSF stations, O'Hare International Airport, and Midway Airport.
The lower level includes a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions used for presentations. A 24-hour closed-circuit camera system covers entrances and building perimeters. Exterior features include a black monument-style pylon sign and a dedicated parking lot with easement rights included in the sale. Five units are leased, while five suites are available. The property is zoned COMMR and is positioned near I-55, I-290, I-294, two Metra BNSF stations, O'Hare International Airport, and Midway Airport.
Key Highlights
- Five leased units and five available suites
- Renovated property with new flooring, LED lighting, layouts, windows, plumbing enhancements, and glass office partitions
- 0.1765‑acre lot at 505 S La Grange Road, La Grange, IL 60525
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five leased units provide existing occupancy, while five suites remain available for leasing.
Where is this mixed-use property 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: Five leased units and five available suites; Renovated property with new flooring, LED lighting, layouts, windows, plumbing enhancements, and glass office partitions; 0.1765‑acre lot at 505 S La Grange Road, La Grange, IL 60525
