Renovated Mixed-Use
For Sale
$949,900
505 S La Grange Road, La Grange, IL 60525
Commercial Sale, La Grange, IL
Property SizeContact for details
Lot Size0.18 Acres
Days on Market139
Property Features for 505 S La Grange Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Directions
LaGrange Road to 47th Street, south to property. 505-507 S. LaGrange Rd. is on the east side of street.
Subdivision
La Grange
Standard status
Active
APN
18092000060000
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, office, medical, service
Property Use
Mixed Use
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
49211
Utilities
Cooling system
Central Air
Amenities
full-service kitchen
presentation/projection system
24-hour security camera system
monument pylon sign
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
EXIT Strategy Realty · EXIT Realty
(312) 554-5478
Listed By:
Nick Libert · License #471016048
(312) 493-0920
Added: Jun 16
Changed: Oct 28
Last Checked: Nov 1 at 9:06PM
MLS# 12671481
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.
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Investment Insights
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This brick mixed-use property at 505 S La Grange Road combines renovated office-oriented space with flexible commercial improvements. Updates include new flooring, paint, recessed LED lighting, revised layouts, glass office partitions, upper-level windows, window blinds, plumbing enhancements, and modernized reception areas. Central Air serves the building, which was constructed in 1960. Four bathrooms were renovated, and a 12-unit mailbox system includes parcel delivery and outgoing mail functions.
The lower level includes a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions used for presentations. A 24-hour closed-circuit camera system covers entrances and building perimeters. Exterior features include a black monument-style pylon sign and a dedicated parking lot with easement rights included in the sale. Five units are leased, while five suites are available. The property is zoned COMMR and is positioned near I-55, I-290, I-294, two Metra BNSF stations, O'Hare International Airport, and Midway Airport.
The lower level includes a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions used for presentations. A 24-hour closed-circuit camera system covers entrances and building perimeters. Exterior features include a black monument-style pylon sign and a dedicated parking lot with easement rights included in the sale. Five units are leased, while five suites are available. The property is zoned COMMR and is positioned near I-55, I-290, I-294, two Metra BNSF stations, O'Hare International Airport, and Midway Airport.
Key Highlights
- Five leased units and five available suites
- Renovated property with new flooring, LED lighting, layouts, windows, plumbing enhancements, and glass office partitions
- 0.1765‑acre lot at 505 S La Grange Road, La Grange, IL 60525
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five leased units provide existing occupancy, while five suites remain available for leasing.
Where is this mixed-use property located?
The property is located at 505 S La Grange Road La Grange, IL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Five leased units and five available suites; Renovated property with new flooring, LED lighting, layouts, windows, plumbing enhancements, and glass office partitions; 0.1765‑acre lot at 505 S La Grange Road, La Grange, IL 60525
