Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    72 Lagrange Rd La Grange, IL 60525
    Back to Search
    Property profile & analytics

    72 Lagrange Rd La Grange, IL 60525

    View on Map
    • Office Spaces
    • 3,104 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 72 Lagrange Rd

    Property size
    3,104 SF
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This charming, Class C office building located at 72 LaGrange Road in La Grange, Illinois, 60525 offers multiple tenancy options in a traditional, executive, or creative office setting. The building totals 3,104 square feet, with a minimum divisible space of 363 square feet and a maximum contiguous space of 473 square feet. Currently, 836 square feet are vacant and available for lease. The property is ideally suited for businesses seeking flexible space to accommodate their specific needs. Its location in the vibrant La Grange community provides easy access to local amenities and transportation. The building's historic character offers a unique and appealing work environment, perfect for businesses seeking a distinctive address. The available space presents an excellent opportunity for a variety of businesses to establish a presence in this desirable location. Interested parties are encouraged to inquire about lease terms and availability for the currently vacant 836 square feet. The building's flexible layout allows for customization to meet individual tenant requirements within the specified square footage ranges.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.8696
    Latitude
    41.8127

    Comparable in this City

    • Value Estimation by Request
      5,205 SF

      130 Ln Grange Rd

      Office Units • 5,205 SF
      130 Ln Grange Rd, La Grange, IL 60525
      View Details
    • Value Estimation by Request
      8,000 SF

      6335 Joliet Rd

      Medical Office Space • 8,000 SF
      6335 Joliet Rd, Countryside, IL 60525
      View Details
    • Value Estimation by Request
      0.67 Acres

      1400 47th St Ste, Unit 3

      CONDOMINIUM OFFICES • 0.67 Acres
      1400 47th St Ste, La Grange, IL 60525-6148
      View Details
    • Value Estimation by Request
      0.57 Acres

      7099 Santa Fe Dr Ste B

      CONDOMINIUM OFFICES • 0.57 Acres
      7099 Santa Fe Dr Ste B, Hodgkins, IL 60525-5059
      View Details
    • Value Estimation by Request
      0.57 Acres

      7099 Santa Fe Dr Ste A

      CONDOMINIUM OFFICES • 0.57 Acres
      7099 Santa Fe Dr Ste A, Hodgkins, IL 60525-5052
      View Details
    • Value Estimation by Request
      0.67 Acres

      1400 47th St Ste, Unit 9

      CONDOMINIUM OFFICES • 0.67 Acres
      1400 47th St Ste, La Grange, IL 60525-6148
      View Details

    Similar Nearby for Sale

    • $1,649,900
      14,500 SF

      Countryside Commercial Building For Sale

      Immaculate, well-maintained commercial building in a desirable Countryside location.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • Contact for pricing
      15,000 SF

      Office and Retail Space Available

      Office, retail, and medical space available for sale or lease.
      1023 W 55Th St, Countryside, IL 60525
      View Details
    • Contact for pricing
      Pending

      Multi-Tenant Office Building For Sale

      6,910 SF multi-tenant office building available for purchase.
      130 N Ln Grange Rd, La Grange, IL 60525
      View Details
    • $1,649,900
      14,500 SF

      Commercial Building in Countryside, IL

      Well-maintained commercial building with retail and office spaces for sale.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • $375,000

      Residential Land in Indian Head Park

      Land available for building a custom home in Indian Head Park.
      11407 Hiawatha Ln, Indianhead Park, IL 60525
      View Details
    • Contact for pricing

      LaGrange Commerce Park Land Site

      Land site in LaGrange Commerce Park with easy highway access.
      745 E Maple Ave, La Grange, IL 60525
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown La Grange Loft Space

      Loft space in the heart of Downtown La Grange.
      5 S Ln Grange Rd, La Grange, IL 60525
      View Details
    • Contact for pricing

      Renovated Office Space For Lease

      Modern, renovated office space with high-end finishes and convenient location.
      450 W 55Th St, Countryside, IL 60525
      View Details
    • Contact for pricing

      Downtown La Grange Retail/Office Space

      Flexible space in downtown La Grange, ideal for retail/office.
      106 W Burlington Ave, La Grange, IL 60525
      View Details
    • Contact for pricing

      Industrial Space with Spec Office

      New Class A industrial building with spec office space.
      9150 W 55Th St, Mc Cook, IL 60525
      View Details
    • Contact for pricing
      6,370 SF

      La Grange Office Space Available

      6,370 SF office space for rent in La Grange, IL.
      10 W Burlington Ave, La Grange, IL 60525
      View Details
    • Contact for pricing
      4,800 SF

      La Grange Former Church/Daycare

      Centrally located near Metra, I-55, and I-294.
      21 N Catherine Ave, La Grange, IL 60525
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    72 Lagrange Rd
    La Grange, IL 60525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    72 Lagrange Rd, La Grange, IL, 60525
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!