Building Details

Buildings 1

Listing Agency: Pearson Realty Group

Listed By: Thoma Socrates Panos · License #1015118 Show Phone

Source: Realtopiare

Added: Aug 20 Changed: Sep 10 Last Checked: Oct 5 at 9:44PM

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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 Pearson Realty Group

Investment Insights

Based on property information with market context.

This freestanding commercial building occupies a corner location in La Grange Park and contains 6,650 square feet. Built in 1949, the property has exposed brick, concrete flooring, high ceilings, and visible spiral ductwork. Two ADA-compliant restrooms support a range of occupants, while a rear loading dock adds practical service access. The premises are offered AS-IS for sale and/or lease.

Private on-site parking supplements available street parking. Commercial zoning supports retail, office, showroom, creative, and service uses, providing flexibility for an owner-user, investor, or commercial operator. The existing layout and architectural finishes can accommodate a variety of storefront-oriented concepts without relying on a single use configuration.

Key Highlights

• 6,650‑square‑foot freestanding commercial building built in 1949
• Corner property in La Grange Park with private on‑site and street parking
• Rear loading dock provides dedicated service access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,303

Cap Rate

4.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,846,060 $1.8M

Cap Rate 7%

$1,318,614 $1.3M

Cap Rate 9%

$1,025,589 $1.0M

Market Conditions

NOI Build-Up for 6,650 SF

Gross rent

$143.6K $21.60/SF

− Vacancy

−$11.8K −$1.77/SF

EGI

$131.9K $19.83/SF

− OpEx

−$39.6K −$5.95/SF

NOI

$92.3K $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%

$1,846,060

Cap Rate 7%

$1,318,614

Cap Rate 9%

$1,025,589

Alternative Uses

Best Use

Retail

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,303 @ 7.0% cap · market cap 4.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,716 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

HIGHLAND HIGH SCHOOL ... High School Sarahbeesbusyhive Home Decor Store Pretty Creepy Things Home Decor Store La Grange Park ... Home Decor Store Edwin Garza Construction Company

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Auto Parts Store Bakery Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

388

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60526, IL

13,810

Population

5,474

Households

2.5

Avg Household Size

43

Median Age

60%

College-Educated

96%

High-School Grad

3.9 sq mi

ZIP Area

3,541

Density / Sq Mi

$118,831

Median Household Income

$62,481

Median Earnings

$1,413

Median Rent

$427,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Corner commercial building with loading access, private parking, and adaptable interior character for retail or other commercial uses.

Where is this storefront property located?

The property is located at 800 E 31st St La Grange Park, IL.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 6,650‑square‑foot freestanding commercial building built in 1949; Corner property in La Grange Park with private on‑site and street parking; Rear loading dock provides dedicated service access