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    16 Burlington Ave La Grange, IL 60525

    Sponsored
    For Lease
    $24 SF/Yr

    Vintage Charm, High Visibility, 1950 sq ft

    Lot size:
    1,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,950-square-foot retail space is located at 16 East Burlington Avenue in the heart of Downtown La Grange, Illinois, within Cook County. The property is situated at a high-traffic intersection, offering unparalleled visibility from both La Grange Road and Burlington Avenue. Designated as a single-tenant space, it's zoned C-1, providing flexibility for various business types. The building itself boasts vintage charm, adding character and appeal. The space includes a full basement, offering additional storage or potential for expansion. Its prime location in the vibrant historic downtown La Grange area ensures high foot traffic and exposure to a thriving community. This property presents a unique opportunity for businesses seeking a prominent and attractive location to establish or expand their operations. The address is 16 E Burlington Ave, La Grange, IL 60525. This single-tenant space offers a blend of historic character and modern convenience, making it an ideal location for a variety of businesses. The property's size and location make it an excellent investment opportunity in a desirable and growing downtown area.

    Property Features for 16 Burlington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,950 SF

    Unit(s) available at that property

    Space
    Size
    1,950 SF
    Rate per SF
    $24

    HighLights

    • 1,950 SF retail space at 16 E Burlington Ave, La Grange, IL 60525, in Cook County.
    • High‑traffic intersection with excellent visibility.
    • Single‑tenant space, C‑1 zoning.
    • Full basement for storage.
    • Vintage charm in vibrant downtown La Grange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.868980969249
    Latitude
    41.816123529801

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    FAQs

    What type of property is this?
    Retail property - Vintage Charm, High Visibility, 1950 sq ft
    Where is this retail property located?
    The property is located at 16 Burlington Ave La Grange, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,950 SF retail space at 16 E Burlington Ave, La Grange, IL 60525, in Cook County.; High-traffic intersection with excellent visibility.; Single-tenant space, C-1 zoning.
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    16 Burlington Ave La Grange, IL 60525
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    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
    16 Burlington Ave La Grange, IL 60525
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