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    Retail Building in Downtown LaGrange Title is generated by Realmo AI

    21-25 W Hillgrove Ave, La Grange, IL

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    Multi-tenant retail building in the heart of downtown LaGrange.

    Type:RETAIL
    Property size:
    4,955 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $180/SF
    Added:
    Jul 31, 2025
    Days on Market:
    323
    Last Refresh:
    May 19 at 9:02 pm

    Property Features for 21-25 W Hillgrove Ave

    General Information

    Standard status
    Active
    Size
    4,955 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Michael Williamson
    Michael Williamson

    Listing agent Michael Williamson License ##475.161622

    Listing office Sperry Commercial | Chicago

    Listing date Jul 31, 2025

    Source Moodyscre

    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 Sperry Commercial | Chicago

    HighLights

    • High visibility location in downtown La Grange.
    • Direct exposure across from the La Grange Metra station.
    • Ideal for diverse retail uses including medispas and restaurants.
    • Potential for expansive rooftop deck and sidewalk cafe.
    • Excellent signage opportunities.
    • Close proximity to heavily trafficked BNSF Metra line (15M+ annual riders).

    Overview

    This multi-tenant retail building is located in downtown La Grange. The property is suitable for various retail uses, including medispas and restaurants, and offers potential for a rooftop deck and sidewalk cafe. The building features a brick facade and provides signage opportunities with exposure across from the La Grange Metra station. The La Grange Road commuter rail station has over 3,000 average daily passengers. The BNSF Metra line sees more than 15 million riders annually. The property has a size of 4,955 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    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 Uses

    Best Use
    Retail
    $982.5K
    $859.7K – $1.15M (±1% cap)
    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 (±1% cap)
    NOI $119,751 @ 7.0% cap · market cap 13.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.8709
    Latitude
    41.8164

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    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail building in the heart of downtown LaGrange.
    Where is this retail space located?
    The property is located at 21-25 W Hillgrove Ave 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: High visibility location in downtown La Grange.; Direct exposure across from the La Grange Metra station.; Ideal for diverse retail uses including medispas and restaurants.
    (312) 402-3283 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Williamson
    Michael Williamson
    Real Estate License ID: #475.161622
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