Fully Renovated Mixed-Use
For Sale
$949,900
505 S La Grange Road, La Grange, IL 60525
COMMERCIAL - La Grange, IL
Lot Size0.18 Acres
Days on Market49
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
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
49211
Utilities
Cooling system
Central Air
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
Last Checked: Aug 3 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial property has been extensively renovated throughout to support turnkey occupancy. Updates include new flooring and fresh paint, recessed LED lighting, updated layouts with glass office partitions, new interior doors, and Kwikset SmartKey lock systems for efficient tenant turnover. Updated reception areas on both levels feature marble-inspired granite finishes, and all four bathrooms have been fully renovated with new fixtures and plumbing upgrades in accordance with Village of La Grange occupancy standards. Additional improvements include new upper-level windows, new blinds throughout, and a weatherproof 12-unit mailbox system for parcel delivery and outgoing mail. A lower-level suite offers a nearly full-service kitchen with a dishwasher, microwave, and full-size double-door refrigerator, along with large-format televisions that can function for presentations or projection.
The property is positioned directly along a heavily traveled commercial corridor in Chicago’s western suburbs, with high-visibility frontage on La Grange Road. Convenient access is highlighted to I-55, I-290, and I-294, and the area includes two nearby Metra BNSF stations. The building is further supported by a comprehensive 24-hour closed-circuit camera system monitoring entrances and the building perimeter, and outdoor visibility is enhanced by a newly installed black monument-style pylon sign.
Five leased units currently generate positive cash flow, while five additional suites are available to support future leasing. With zoning listed as COMMR and a dedicated on-site parking lot with easement rights included in the sale, the property is well suited for investors seeking an income-producing, renovated asset as well as owner-users looking to establish a professional presence with multiple suite configurations.
The property is positioned directly along a heavily traveled commercial corridor in Chicago’s western suburbs, with high-visibility frontage on La Grange Road. Convenient access is highlighted to I-55, I-290, and I-294, and the area includes two nearby Metra BNSF stations. The building is further supported by a comprehensive 24-hour closed-circuit camera system monitoring entrances and the building perimeter, and outdoor visibility is enhanced by a newly installed black monument-style pylon sign.
Five leased units currently generate positive cash flow, while five additional suites are available to support future leasing. With zoning listed as COMMR and a dedicated on-site parking lot with easement rights included in the sale, the property is well suited for investors seeking an income-producing, renovated asset as well as owner-users looking to establish a professional presence with multiple suite configurations.
Key Highlights
- Brick mixed‑use building on S. La Grange Rd built in 1960 with central air
- Extensive renovations include new flooring, fresh paint, recessed LED lighting, updated layouts, and modern office finishes
- All four bathrooms fully renovated with new fixtures and plumbing upgrades per Village of La Grange occupancy standards
Property Analytics
Current Use
Lease Details
10
Office units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
807
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
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey renovations, multiple suites, and on-site parking support flexible professional and service tenant needs.
Where is this office units 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: Brick mixed‑use building on S. La Grange Rd built in 1960 with central air; Extensive renovations include new flooring, fresh paint, recessed LED lighting, updated layouts, and modern office finishes; All four bathrooms fully renovated with new fixtures and plumbing upgrades per Village of La Grange occupancy standards