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    1007 31St St La Grange Park, IL 60526

    Sponsored
    For Lease
    $264 SF/Yr

    1,169 SF Retail Space - For Sale/Lease

    Lot size:
    1,169 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,169 square foot commercial condo unit, located at 1007 E. 31st Street in the vibrant Village of LaGrange Park, presents a fantastic opportunity for owner-occupancy or investment. Boasting a prime corner location with excellent 31st Street retail exposure, this single-tenant space features numerous recent upgrades, including a brand-new roof, representing over $26,000 in owner investment. The unit itself is a well-designed space, offering three individual office suites, a reception area, a conference room, and a full bathroom. The 10-foot ceilings provide a spacious feel. The building is a masonry construction, a four-unit commercial condominium complex with twelve unassigned asphalt parking spaces, including handicapped-accessible spots, plus additional off-street parking. A highly desirable location, this property benefits from a strong association, with monthly fees of $180 covering scavenger service, water, common area maintenance, cable, and parking lot maintenance. The property enjoys a strategic position near key community anchors such as the LaGrange YMCA, LaGrange Park Ace Hardware, and the LaGrange Park Fire Department, ensuring high visibility and foot traffic. This is a turnkey opportunity in a thriving community. The property is available for both sale and lease.

    Property Features for 1007 31St St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,169 SF
    Total Rate
    25718

    Unit(s) available at that property

    Space
    Unit 1
    Size
    1,169 SF
    Rate per SF
    $264

    HighLights

    • 1,169 SF retail condo for sale or lease in Cook County.
    • Single‑tenant occupancy.
    • Recently renovated with a new roof (over $26,000 in upgrades).
    • Corner lot with 12 unassigned parking spaces, including handicapped‑accessible spots.
    • 10' ceilings and masonry construction.
    • $180/month association fee includes water, common area maintenance, cable, and parking lot maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    T L Trittipo ... Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grange Park
    County
    COOK
    State
    Illinois
    Longitude
    -87.8636121
    Latitude
    41.8348077

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    Nearby Similar for Lease

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      La Grange Medical Space Sublease

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    FAQs

    What type of property is this?
    Individual retail property - 1,169 SF Retail Space - For Sale/Lease
    Where is this individual retail property located?
    The property is located at 1007 31St St La Grange Park, IL.
    What is the lease rate?
    The lease rate is $264 SF/Yr.
    What are key features of this property?
    This property features: 1,169 SF retail condo for sale or lease in Cook County.; Single-tenant occupancy.; Recently renovated with a new roof (over $26,000 in upgrades).
    Request Owner's contact information
    1007 31St St La Grange Park, IL 60526
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    La Grange Park, IL 60526
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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
    1007 31St St La Grange Park, IL 60526
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