408 Cossitt Ave La Grange, IL 60525
This exceptional 1.1-acre commercial land parcel presents a unique investment opportunity in La Grange, Illinois. Ideally situated in the I-1 Industrial District, this property boasts convenient access to rail tracks and is bordered by an R-5 Residential District to the west. The location offers high visibility and accessibility, with daily traffic counts of 3,000 vehicles on Cossitt Avenue and 19,500 vehicles on nearby LaGrange Road. The property's zoning allows for a variety of industrial uses, making it suitable for various businesses seeking a strategic location. Its proximity to downtown La Grange provides easy access to a vibrant community with shops, restaurants, a public library, and the Metra commuter rail. Furthermore, this property benefits from its location within the highly-regarded La Grange School District 102 and Lyons Township High School, consistently ranked among Illinois' top 30 public high schools. The property includes three PIN numbers: 18-04-404-004, 18-04-404-006, and 18-04-404-050, and the annual property taxes are $22,265. The asking price is subject to offer. Note that additional land totaling 5.5 acres is also available. This prime location and flexible zoning make this an attractive proposition for developers and businesses alike. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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