Corner Mixed-Use
For Sale
Under Contract
$679,000
4 W Burlington Avenue, La Grange, IL 60525
COMMERCIAL - La Grange, IL
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$339.50
Days on Market406
Property Features for 4 W Burlington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Burlington Ave. at US 12 La Grange Rd. La Grange Rd. at Burlington Ave.
Subdivision
La Grange
Standard status
Active Under Contract
APN
18041230180000
Size
2,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13238
Utilities
Cooling system
Central Air
Building Details
Year built
1884
Floors in Building
2
Number of units
3
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 24, 2025
Changed: Jun 29
Last Checked: Aug 3 at 4:06AM
MLS# 12382937
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 two-story mixed-use building is configured as three total units, with approximately 2,000 square feet of street-level commercial space and two updated residential units on the second floor. Each residential unit includes 2 bedrooms and 1 bathroom. The residential units are leased on a month-to-month basis, and the commercial space is leased through December 2028.
The property is located at the corner of La Grange Road and Burlington Avenue in the downtown retail and entertainment corridor. It sits across the street from the Amtrak and Metra station.
For tenants, the asset offers a dedicated street-level retail footprint paired with upstairs residential income. For buyers, it provides an established mixed-use layout with existing leases in place, with interior access requiring a buyer pre-approval letter in advance. Showings are limited to Saturdays from 12:00 to 1:00 p.m., per seller direction. The property is identified under zoning COMMR.
The property is located at the corner of La Grange Road and Burlington Avenue in the downtown retail and entertainment corridor. It sits across the street from the Amtrak and Metra station.
For tenants, the asset offers a dedicated street-level retail footprint paired with upstairs residential income. For buyers, it provides an established mixed-use layout with existing leases in place, with interior access requiring a buyer pre-approval letter in advance. Showings are limited to Saturdays from 12:00 to 1:00 p.m., per seller direction. The property is identified under zoning COMMR.
Key Highlights
- Prime location at the corner of La Grange Rd. and Burlington Ave. in the heart of downtown La Grange's retail and entertainment district.
- Across the street from the Amtrak and Metra station, offering excellent transportation access.
- Mixed‑use building with a street‑level commercial space and two updated residential units.
Financial Insights For Mixed Use
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 | $60.0k | $30.00 |
| − Vacancy | −$6.0k | −$3.00 |
| EGI | $54.0k | $27.00 |
| − OpEx | −$20.3k | −$10.13 |
| NOI | $33.8k | $16.88 |
2,000 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$482.1K
$421.9K – $562.5K
NOI $33,750 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,709
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
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property with street-level retail and leased residential units above.
Where is this mixed-use property located?
The property is located at 4 W Burlington Avenue La Grange, IL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Prime location at the corner of La Grange Rd. and Burlington Ave. in the heart of downtown La Grange's retail and entertainment district.; Across the street from the Amtrak and Metra station, offering excellent transportation access.; Mixed‑use building with a street‑level commercial space and two updated residential units.
