La Grange Retail
19-25 W Hillgrove, La Grange, IL 60525
Multi-tenant retail building in downtown La Grange near Metra.
Type:Retail
Property size:
4,955 SFPrice / SF:
$180/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 5 at 11:57 pm
Property Features for 19-25 W Hillgrove
General Information
- Standard status
- Active
- Size
- 4,955 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1928
Listing agent Michael Williamson, CCIM License #IL #475.161622 (847) 732-0504
Listing office (847) 732-0504
Listing date Nov 21, 2025
Source Sperrycga
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Michael Williamson, CCIM
HighLights
- Prime location in downtown La Grange directly across from the La Grange Metra station.
- High‑visibility corner endcap unit (2,855 sf) available for owner/user occupancy with income from existing tenants.
- In‑place cash flow from existing tenants to offset operating expenses.
- Strong demographics: Affluent customer base with 22,000+ residents within 1 mile and an average income of approximately $150,000.
- Excellent signage opportunity and potential for expansive rooftop deck and sidewalk cafe.
- Located amongst national retailers and restaurants.
Overview
This multi-tenant retail building is located in downtown La Grange, offering high visibility. The property is suitable for various retail uses, including medispas or restaurants, and has potential for a rooftop deck and sidewalk cafe. The building features a brick facade and signage opportunities, with exposure across from the La Grange Metra station. The La Grange Road commuter rail station sees over 3,000 average daily passengers. The BNSF Metra line is the most heavily trafficked in the system, with over 15 million annual riders. The property offers an opportunity for a user/investor to occupy a 2,855 square foot endcap on the corner of Hillgrove Avenue and Madison Avenue, while collecting rent from the rest of the building. An existing nail salon occupies 900 square feet and has been a tenant for over 20 years. The remaining vacancy is marketable with historical occupancy. The location is in the heart of downtown La Grange, near national retailers such as Trader Joe's, Walgreens, and AT&T, and restaurants including Chipotle and Noodles & Company. Downtown La Grange is a shopping and dining destination 8 miles west of Chicago. The market is supported by a dense, affluent customer base, including over 22,000 residents within 1 mile with an average income of approximately $150,000. The property is located on West Hillgrove Avenue, across from the La Grange Metra Station in La Grange, Illinois, near the intersection of Ogden Avenue and La Grange Road. It is 30 minutes from Chicago and 20 minutes from both Midway and O'Hare International Airports. The property size is 4,955 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$764.2K
NOI $68,776 @ 9.00% cap · cautious / downside scenario
Moderate
$982.5K
NOI $68,776 @ 7.00% cap · market / base-case scenario
Aggressive
$1.38M
NOI $68,776 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.0k | $21.60 |
| − Vacancy | −$8.8k | −$1.77 |
| EGI | $98.3k | $19.83 |
| − OpEx | −$29.5k | −$5.95 |
| NOI | $68.8k | $13.88 |
4,955 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$982.5K
$859.7K – $1.15M
NOI $68,776 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,751 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Cook
- State
- Illinois
- Longitude
- -87.8709
- Latitude
- 41.8164
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Multi-tenant retail building in downtown La Grange near Metra.
Where is this retail space located?
The property is located at 19-25 W Hillgrove La Grange, IL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location in downtown La Grange directly across from the La Grange Metra station.; **High‑visibility corner endcap unit (2,855 sf) available for owner/user occupancy** with income from existing tenants.; In‑place cash flow from existing tenants to offset operating expenses.
