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    18 Burlington Ave La Grange, IL 60525

    For Sale
    $1,550,000

    Prime La Grange location, multi-tenant, high income area.

    Property size:
    10,525 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fee-simple 10,525 square foot building in La Grange, Illinois, presents a unique investment opportunity. Located at 18 W Burlington Ave, this multi-tenant property features 5,176 square feet of first-floor retail space currently occupied by Club Pilates and Peak Running, and 5,287 square feet of second-floor executive offices. The building boasts 100% occupancy with long-term leases in place. The property offers potential for owner-user occupancy or a sale-leaseback arrangement, with the possibility of converting the second floor to residential use given the high demand and transit-oriented location. Situated across from the La Grange Metra station, providing direct access to Chicago, the property benefits from high visibility and daily traffic counts of 22,300 vehicles. The building features six parking spaces and is zoned C-1CR. Built in 1985, the property is fully sprinklered and enjoys exceptional curb appeal in a thriving community with a median income exceeding $132,340 and average home values over $514,000. Its proximity to major highways (2.3 miles to I-294, 3.6 miles to I-55), O'Hare (17 miles), and Midway (10 miles) airports further enhances its appeal. This is a rare opportunity to acquire prime real estate in a highly desirable suburban Chicago location. A virtual tour is available.

    Property Features for 18 Burlington Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,525 SF

    Building Details

    Year Built
    1985

    HighLights

    • Multi‑tenant retail/office building.
    • Six parking spaces plus street parking.
    • C‑1CR zoning.
    • 2.3 miles to I‑294; 3.6 miles to I‑55.
    • Built in 1985.
    • High traffic counts: Burlington Ave (1,900 VPD), La Grange Rd (20,400 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.87066994
    Latitude
    41.81577376

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    FAQs

    What type of property is this?
    Individual retail property - Prime La Grange location, multi-tenant, high income area.
    Where is this individual retail property located?
    The property is located at 18 Burlington Ave La Grange, IL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Multi-tenant retail/office building.; Six parking spaces plus street parking.; C-1CR zoning.
    Request Owner's contact information
    18 Burlington Ave 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
    18 Burlington Ave La Grange, IL 60525
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