Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    702 Burlington Ave La Grange, IL 60525-2296
    Property profile & analytics

    702 Burlington Ave, La Grange, IL 60525-2296

    View on Map
    • Retail residential properties
    • 0.17 lot acres
    Off-Market
    Property ID
    US28-1728941
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 702 Burlington Ave

    Year built
    1927
    Lot size
    0.17 lot acres
    Property type
    Retail residential properties
    APN
    18-04-118-007
    APU
    1804118007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 2, 2016 $745,000 Jsq 702 Burlington LLC Anderson Building Of Lagrange Grant Deed $592k · Fnbc Bank & Trust
    Jan 9, 2003 — Anderson Building LLC Lund,dorothy R & Ronald E Quit Claim Deed · related —
    Jun 14, 2002 — Helen Games Ruth A Dodge Estate Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Cook
    State
    Illinois
    Longitude
    -87.8785
    Latitude
    41.8134
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,380
    $11,400
    $85,252
    $96,652
    -
    $114,000
    $852,520
    $966,520

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      27 Ashland Ave

      STORES & APARTMENTS
      27 Ashland Ave, La Grange, IL 60525-2349
      View Details
    • Value Estimation by Request
      1.26 Acres

      913 55th St

      STORES & APARTMENTS
      913 55th St, Countryside, IL 60525-6633
      View Details
    • Value Estimation
      $1,830,000
      0.16 Acres

      46 La Grange Rd

      STORES & APARTMENTS
      46 La Grange Rd, La Grange, IL 60525-2462
      View Details
    • Value Estimation
      $5,190,000
      0.38 Acres

      7 La Grange Rd

      STORES & APARTMENTS
      7 La Grange Rd, La Grange, IL 60525-2455
      View Details
    • Value Estimation by Request
      0.14 Acres

      3 Waiola Ave

      STORES & APARTMENTS
      3 Waiola Ave, La Grange, IL 60525-2255
      View Details
    • Value Estimation by Request
      0.07 Acres

      712 Burlington Ave

      STORES & APARTMENTS
      712 Burlington Ave, La Grange, IL 60525-2229
      View Details

    Similar Nearby for Sale

    • $679,000
      2,000 SF

      La Grange Mixed-Use Building

      Two-story mixed-use building in downtown La Grange.
      4 W Burlington Ave, La Grange, 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
      5,400 SF

      Former Restaurant Building on LaGrange

      5,400 SF building on high-traffic LaGrange Road.
      6025 S Ln Grange Rd, Countryside, 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
    • Contact for pricing
      116,993 SF

      Countryside Retail Property For Sale

      Large retail property available in Countryside, Illinois.
      5511 S Brainard Ave, Countryside, IL 60525
      View Details
    • Contact for pricing
      4,955 SF

      Retail Building in Downtown LaGrange

      Multi-tenant retail building in the heart of downtown LaGrange.
      21-25 W Hillgrove Ave, La Grange, IL 60525
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      2,600 SF

      Prime Restaurant Space in LaGrange

      Restaurant space in downtown La Grange near Metra station.
      50 S Ln Grange Rd, La Grange, IL 60525
      View Details
    • Contact for pricing

      Column-Free Bow Truss Retail Building

      Retail space in an exceptional trade area.
      9930 West 55Th St, Countryside, IL 60525
      View Details
    • Contact for pricing

      McCook Warehouse Endcap Unit Available

      42,100 SF Class A warehouse unit for lease.
      9200 W 55Th St, Mc Cook, IL 60525
      View Details
    • Contact for pricing

      Office Condo Unit For Lease

      Lower level office condo unit available for lease.
      22 Calendar Ct, La Grange, IL 60525
      View Details
    • Contact for pricing

      Renovated Loft Office in LaGrange

      Fully renovated loft office space in downtown La Grange.
      5 Lagrange Rd, 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.
    702 Burlington Ave
    La Grange, IL 60525-2296
    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
    702 Burlington Ave, 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!