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    130 Ln Grange Rd La Grange, IL 60525

    For Sale
    $829,000

    Fully Leased, High-Exposure Office Property

    Property size:
    6,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-story, 6,910 square foot multi-tenant office building is located at 130 N La Grange Rd, La Grange, IL 60525. Currently boasting 100% occupancy and a strong net operating income (NOI) of $53,543, this Class C property offers a compelling 6.50% cap rate at an asking price of $829,000. The building features a diverse tenant mix within a gross lease structure. Situated on a 0.43-acre lot (18,454 sq ft) with ample off-street parking, the property benefits from excellent visibility on La Grange Road and is conveniently located just one block from the La Grange Road Metra station. The building's masonry construction is durable and well-maintained. The property is zoned C-3 General Service Commercial, providing flexibility for future uses. The Cook County Assessor's Parcel Numbers (APN) are 18-04-103-014 and 18-04-103-013. This is a rare opportunity to acquire a fully leased, income-producing asset in a desirable location with significant upside potential. The property's strong tenant base and prime location make it an attractive investment for both seasoned and new investors.

    Property Features for 130 Ln Grange Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,910 SF
    Class
    C

    Building Details

    Stories
    2

    HighLights

    • Fully leased, multi‑tenant office building.
    • Excellent La Grange Road visibility.
    • Diverse tenant mix with gross lease structure.
    • C‑3 General Service Commercial zoning.
    • 0.43‑acre lot (18,454 sq ft) with ample off‑street parking.
    • One block from La Grange Road Metra station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.8703576
    Latitude
    41.8190188

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, High-Exposure Office Property
    Where is this office property / space located?
    The property is located at 130 Ln Grange Rd La Grange, IL.
    What is the asking price?
    The asking price for this property is $829,000.
    What are key features of this property?
    This property features: Fully leased, multi-tenant office building.; Excellent La Grange Road visibility.; Diverse tenant mix with gross lease structure.
    (708) 387-2640
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    130 Ln Grange Rd La Grange, IL 60525
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Ln Grange Rd La Grange, IL 60525
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