Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    50 S Ln Grange Rd La Grange, IL 60525

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr ($7,583 /Mo)

    Restaurant space in downtown La Grange near Metra station.

    Property size:
    2,600 SF
    Lot size:
    2,600 SF

    Property Features for 50 S Ln Grange Rd

    General Information

    Size
    2,600 SF

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Laura Perlman
    Source: Darwinpw

    Listing Agent: Laura Perlman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Restaurant Space in LaGrange

    Located in downtown La Grange, Illinois, the property at 50 S LaGrange Road offers a restaurant space for lease. The property is situated steps from the Metra station, directly across from Village Hall, and surrounded by boutique shops, eateries, and the historic La Grange Theatre. The space features an open layout, high ceilings, and large windows that provide natural light. The property is suitable for any restaurant. It offers outdoor seating potential and includes 3 rear parking spaces behind the building. The property size is 2600 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Similar Places Nearby

    Tacos Los Jarochitos

    Map

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

    Nearby Similar for Lease

    • New
      Contact for pricing
      6,970 SF

      Prime Retail Storefront in La Grange

      High-traffic retail space in downtown La Grange with historic charm.
      48 S Ln Grange Rd, La Grange, IL 60525
      View Details
    • $2,000 /Mo

      La Grange Mixed-Use Building

      Office and retail spaces available for lease in La Grange.
      505 S Ln Grange Rd, La Grange, IL 60525
      View Details
    • Contact for pricing
      201,341 SF

      La Grange Industrial Warehouse For Sale

      201,341 SF Warehouse, 42,100 SF Vacant
      9200 55 St, La Grange, IL 60525
      View Details
    • Contact for pricing
      10,875 SF

      La Grange Retail Spaces Available

      Prime Downtown La Grange Retail Opportunity
      14 Ln Grange Rd, La Grange, IL 60525
      View Details
    • $24 SF/Yr
      1,950 SF

      Downtown La Grange Retail Space

      Vintage Charm, High Visibility, 1950 sq ft
      16 Burlington Ave, La Grange, IL 60525
      View Details
    • Contact for pricing
      3,104 SF

      LaGrange Road Office Space Available

      Historic La Grange office building, flexible suites.
      72 Lagrange Rd, La Grange, IL 60525
      View Details
    • Contact for pricing
      5,205 SF

      La Grange Office Space For Lease

      Prime La Grange office suites available now.
      130 Ln Grange Rd, La Grange, IL 60525
      View Details
    • $35 SF/Yr
      2,600 SF

      Prime Restaurant Space in LaGrange

      Restaurant space in downtown La Grange near Metra station.
      50 S Lagrnage Rd, La Grange, IL
      View Details
    • $35 SF/Yr
      2,600 SF

      Prime Restaurant Space in LaGrange

      Restaurant space in downtown La Grange near Metra station.
      La Grange, IL 60525
      View Details
    • Contact for pricing
      10,000 SF

      Downtown LaGrange Retail Opportunity

      Retail space in renovated two-story building, heart of LaGrange.
      14 S Ln Grange Rd, La Grange, IL
      View Details
    • $21 SF/Yr

      Downtown La Grange Loft Space

      Loft space in the heart of Downtown La Grange.
      5 S Ln Grange Rd, La Grange, IL 60525
      View Details
    • $16 SF/Yr
      3,300 SF

      La Grange Former Church/Daycare

      Centrally located near Metra, I-55, and I-294.
      21 N Catherine Ave, La Grange, IL
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space in downtown La Grange near Metra station.
    Where is this restaurant located?
    The property is located at 50 S Ln Grange Rd La Grange, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown La Grange location, steps from the Metra station and across from Village Hall.; - Versatile open layout with high ceilings and abundant natural light.; - Ideal for a restaurant, surrounded by shops, eateries, and the La Grange Theatre.
    (773) 677-6472
    Request Owner's contact information
    50 S Ln Grange Rd La Grange, IL 60525
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 S Ln Grange Rd
    La Grange, IL 60525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    50 S Ln Grange Rd La Grange, IL 60525
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura Perlman
    (773) 677-6472
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.