Retail Building in Downtown
For Sale
Contact for pricing
21-25 W Hillgrove Ave, La Grange, IL
Multi-tenant retail building in the heart of downtown LaGrange.
Property Size4,955 SF
Lot Size0.07 Acres
Price / SF$180.63
Days on Market459
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
Listing Agency:
Sperry Commercial | Chicago
(312) 402-3283
Listed By:
Michael Williamson · License ##475.161622
(847) 732-0504
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Oct 25
Last Checked: Nov 1 at 5:16AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,776
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,520
$1.4M
Cap Rate 7%
$982,514
$982.5K
Cap Rate 9%
$764,178
$764.2K
Market Conditions
NOI Build-Up for 4,955 SF
Gross rent
$107.0K $21.60/SF
− Vacancy
−$8.8K −$1.77/SF
EGI
$98.3K $19.83/SF
− OpEx
−$29.5K −$5.95/SF
NOI
$68.8K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,520
Cap Rate 7%
$982,514
Cap Rate 9%
$764,178
Alternative Uses
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,709
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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.
