18 W Burlington Ave La Grange, IL 60525
Leased multi-tenant office and retail building in LaGrange, Illinois.
Type:Retail, Office
Property size:
10,525 SF- Added:
- Jan 16, 2024
- Days on Market:
- 811
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 18 W Burlington Ave
General Information
- Standard status
- Active
- Size
- 10,525 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1985
Listing agent Tony Russo License #IL
Listing office Lee & Associates - Chicago
Listing date Jan 16, 2024
Source Crexi
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 Lee & Associates - Chicago
Overview
LaGrange Multi-Tenant Retail/Office Building
Located at 18 Burlington Avenue in LaGrange, Illinois, this multi-tenant building features first-floor retail space and second-floor executive offices. The property is leased to long-term tenants on the first floor. The office tenant on the second floor and partial first floor will vacate, presenting an opportunity for an owner-user or a long-term lease for an investor. The property also offers the potential to convert the second-floor office space into multifamily residential units, given its transit-oriented location and market demand. The building is directly across the street from the LaGrange METRA Rail Station, which provides daily direct-express service to Chicago. The property is located 18 miles from Downtown Chicago, 17 miles from O’Hare Airport, and 10 miles from Midway Airport. The brick facade property is currently occupied by Club Pilates and Peak Running on the first floor, totaling 5,176 square feet, with 5,287 square feet of executive office space on the second floor. The building is situated on the corner of La Grange Road and Burlington Avenue, experiencing a daily traffic count of 22,300 cars per day. The surrounding area includes restaurants, bars, coffee shops, parks, and apartment buildings. The median income within a one-mile radius is $132,340, and the average home value is over $514,000.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Cook
- State
- Illinois
- Longitude
- -87.8717
- Latitude
- 41.7814
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Leased multi-tenant office and retail building in LaGrange, Illinois.
Where is this mixed-use property located?
The property is located at 18 W Burlington Ave La Grange, IL.
What is the asking price?
The asking price for this property is $1,297,000.
What are key features of this property?
This property features: Prime real estate location directly across from the LaGrange METRA Rail Station with direct‑express service to Chicago.; Potential for conversion of the second‑floor office space to multifamily residential.; Located in an affluent suburban‑Chicago community with a high median income and home values.
