LaGrange Multi-Tenant Retail/Office
For Sale
Contact for pricing
18 W Burlington Ave, La Grange, IL 60525
Leased multi-tenant office and retail building in LaGrange, Illinois.
Property Size10,525 SF
Price / SF$123.23
Days on Market947
Property Features for 18 W Burlington Ave
General Information
Standard status
Active
Size
10,525 SF
Total Parking Spaces
3
Property subtype
Retail, Office
Zoning
C-1CR
Occupancy
40%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Lee & Associates - Chicago
(773) 355-3040
Listed By:
Tony Russo · License #IL
Source:
Crexi
Added: Jan 16, 2024
Changed: Aug 14
Last Checked: Aug 19 at 3:00PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 60525, IL
32,613
Population
12,991
Households
2.5
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
13.1 sq mi
ZIP Area
2,490
Density / Sq Mi
$113,718
Median Household Income
$64,082
Median Earnings
$1,475
Median Rent
$422,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
