Current Use by Public Records
- Retail properties & Spaces
Property Details for 14 Burlington Ave
- Year built
- 1983
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional mixed-use property, located at 10-14 W Burlington Ave in La Grange, IL, presents a compelling value-add investment opportunity. The 12,600 square foot, two-story building boasts a prime location on a corner lot with high daily traffic volume (22,300 vehicles). Built in 1983, the Class B property features a mix of retail and executive office spaces, currently 84.59% occupied by seven tenants, including a long-term Hallmark Gold Crown tenant. The building offers 16 units across its two stories and includes six on-site parking spaces, supplemented by ample street parking. The property benefits from a Gross Lease structure and a favorable C-1CR zoning designation. Its strategic location provides easy access to major roadways (2.3 miles to I-294 and 3.6 miles to I-55), and proximity to the La Grange Metra station ensures convenient commuting to Chicago. The strong tenant base, including the anchor Hallmark tenant, generates a substantial Net Operating Income (NOI) of $93,272.26. The affluent La Grange community, with its high median income ($132,340) and average home value (over $514,000), provides a stable and desirable market for this investment. This property offers a rare opportunity to acquire a well-positioned, income-producing asset in a thriving suburban Chicago location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Cook
- State
- Illinois
- Longitude
- -87.8705
- Latitude
- 41.8158
