1007 31st St 1 La Grange Park, IL 60526-1218
This exceptional 1,169 square foot commercial condo unit, located at 1007 E. 31st Street in the vibrant Village of LaGrange Park, presents a fantastic opportunity for owner-occupancy or investment. Boasting a prime corner location with excellent 31st Street retail exposure, this single-tenant space features numerous recent upgrades, including a brand-new roof, representing over $26,000 in owner investment. The unit itself is a well-designed space, offering three individual office suites, a reception area, a conference room, and a full bathroom. The 10-foot ceilings provide a spacious feel. The building is a masonry construction, a four-unit commercial condominium complex with twelve unassigned asphalt parking spaces, including handicapped-accessible spots, plus additional off-street parking. A highly desirable location, this property benefits from a strong association, with monthly fees of $180 covering scavenger service, water, common area maintenance, cable, and parking lot maintenance. The property enjoys a strategic position near key community anchors such as the LaGrange YMCA, LaGrange Park Ace Hardware, and the LaGrange Park Fire Department, ensuring high visibility and foot traffic. This is a turnkey opportunity in a thriving community. The property is available for both sale and lease.
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T L Trittipo & Co Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Similar Nearby for Lease
Property description
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Risks
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