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1041 S LaGrange Rd 0.86 Acres of Commercial Land Offered at $2,700,000 in La Grange, IL 60525
Investment Highlights
- Fully assembled four-parcel site - no further ownership negotiation required
- Near-corner position at S. LaGrange Rd & Plainfield Rd
- C-3 commercial zoning already in place on the LaGrange Rd frontage parcels
- High-visibility corridor location, ± vehicles per day on South LaGrange Rd
- Engineered civil concept in hand (Jacob & Hefner Assoc.), including stormwater detention design
- Redevelopment flexibility - site has been evaluated for commercial, drive-thru, and mixed-use concepts
Executive Summary
Offered at $2,700,000 ($675,000/parcel; approximately $3,139,535/acre) for a four-parcel assemblage totaling ±0.86 acres: 1041 & 1043 S. La Grange Rd. and 1046 & 1050 6th Ave., La Grange, IL 60525. All four parcels are being sold together as an assembled unit and are not available individually.
CURRENT CONDITION
Site is currently improved with four residential rental structures (2 single-family detached on 6th Ave., 1 triplex and 1 duplex on La Grange Rd.; 7 units total, approximately 6,030 SF combined), all currently occupied. Disposition of tenancy and timing of vacancy/demolition to be negotiated with purchaser.
ZONING
1041 & 1043 S. La Grange Rd. are zoned C-3 (General Service Commercial). 1046 & 1050 6th Ave. are zoned R-4 (Single-Family Residential) and would require rezoning to a commercial classification to support unified redevelopment and to be used for required parking.
OFFERING SUMMARY
Offered at $2,700,000 ($675,000/parcel; approximately $3,139,535/acre) for a four-parcel assemblage totaling ±0.86 acres: 1041 & 1043 S. La Grange Rd. and 1046 & 1050 6th Ave., La Grange, IL 60525. All four parcels are being sold together as an assembled unit and are not available individually.
CURRENT CONDITION
Site is currently improved with four residential rental structures (2 single-family detached on 6th Ave., 1 triplex and 1 duplex on La Grange Rd.; 7 units total, approximately 6,030 SF combined), all currently occupied. Disposition of tenancy and timing of vacancy/demolition to be negotiated with purchaser.
ZONING
1041 & 1043 S. La Grange Rd. are zoned C-3 (General Service Commercial). 1046 & 1050 6th Ave. are zoned R-4 (Single-Family Residential) and would require rezoning to a commercial classification to support unified redevelopment and to be used for required parking.
REDEVELOPMENT FLEXIBILITY
The site is being marketed for consideration of multiple concepts: (1) a 7,200 SF commercial/retail building per an engineered concept site plan (Jacob & Hefner Associates, 3/27/2026), flexible for a single user or 2-3 smaller tenants; (2) an alternative ±3,000 SF single-tenant drive-thru concept on a reduced, unengineered footprint; or (3) a mixed-use concept with ground-floor commercial and residential above, consistent with concepts discussed in the Village's advisory Corridor Plan.
ENTITLEMENT STATUS
Buyer is responsible for all zoning, entitlement, and Village of La Grange approvals required for any redevelopment concept. The 6th Ave. parcels require rezoning from residential to commercial. A drive-thru use would additionally require a discretionary Special Use Permit. No formal application has been submitted to the Village as of this listing. The engineered concept site plan has not been submitted to or approved by the Village, including as to a platted alley the parking layout appears to cross; no alley vacation has been requested or approved.
CORRIDOR PLANNING CONTEXT
The site is located within the study area of the Village's South La Grange Road Corridor Plan, an advisory planning document prepared with CMAP and presented to the Village Board on July 13, 2026. This Plan has NOT been formally adopted by the Village, and the corridor is not included among specific redevelopment opportunity sites identified elsewhere in Village planning documents. Seller makes no representation as to Village approval, adoption status of any referenced planning document, or entitlement outcome.
DUE DILIGENCE MATERIALS
A full underwriting package - including civil engineering concept plans, zoning analysis, comparable sales data, and market data - is available to qualified buyers upon request. Contact listing broker for showings, offers, or additional due diligence materials.
CONTACT
Michelle Falesch, Broker - Keller Williams Infinity
630.272.1798
michelle.falesch@kw.com
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $2,700,000 | Lot Size | 0.86 AC |
| Price Per AC | $3,139,534.88 |
| Price | $2,700,000 |
| Price Per AC | $3,139,534.88 |
| Lot Size | 0.86 AC |
4-parcel, ±0.86 AC assemblage: 1041/1043 S. La Grange Rd. (C-3) & 1046/1050 6th Ave. (R-4, rezoning req'd), La Grange, IL. Engineered concept: 7,200 SF commercial/mixed-use. 24,400 VPD. Not Village-approved.
Description
This ±0.86-acre, four-parcel assemblage is located on South La Grange Road at its intersection with 6th Avenue, near Plainfield Road, in La Grange, Illinois. The offering combines 1041 & 1043 S. La Grange Rd. and 1046 & 1050 6th Ave. into a single, fully assembled redevelopment site. South La Grange Road is a state-maintained arterial carrying approximately 24,400 vehicles per day, substantially higher than the surrounding cross streets. The corridor sits within the study area of the Village of La Grange's South La Grange Road Corridor Plan, an advisory planning document prepared with the Chicago Metropolitan Agency for Planning (CMAP) and presented to the Village Board on July 13, 2026. That Plan has not been formally adopted by the Village, and the corridor is not included among the specific redevelopment opportunity sites identified elsewhere in Village planning documents; it is referenced here only as market and planning context, not as evidence of Village endorsement. The two La Grange Road-facing parcels are zoned C-3 (General Service Commercial) and are currently improved with a triplex and a duplex, both occupied. The two 6th Avenue parcels are zoned R-4 (Single-Family Residential) and are each improved with a single-family detached rental home, also occupied. Combined, the four structures total approximately 6,030 SF across 7 residential units. Residential use on the C-3-zoned parcels predates that zoning designation and continues as a legal nonconforming use. The assembled site's size and configuration are what allow it to be evaluated against a Village design guideline discussed in the Corridor Plan, which calls for parking on new development to be sited at the side or rear of the building rather than the front - a standard the record indicates a single, unassembled parcel on this corridor would likely be unable to meet independently. An engineered concept site plan prepared by Jacob & Hefner Associates (Concept Site Plan 3, dated 3/27/2026) demonstrates a 7,200 SF commercial building with on-site parking and an underground stormwater detention system sized to MWRD and Village standards. This concept has not been submitted to or reviewed by the Village, and should not be read as reflecting Village approval of any specific design element, including the site plan's treatment of a platted alley the parking layout appears to cross. Beyond the engineered commercial concept, the site is being marketed for consideration of a smaller, ±3,000 SF single-tenant drive-thru concept on an alternative, unengineered footprint, and for a mixed-use concept combining ground-floor commercial space with residential units above - consistent with concepts discussed in the Corridor Plan, though not an approved or entitled program. Redevelopment of any kind requires rezoning of the two 6th Avenue parcels from residential to commercial, and a drive-thru use would additionally require a discretionary Special Use Permit from the Village. No formal application has been submitted as of this listing, and the Village has not indicated a position on any specific concept. The corridor's demographic profile, per the Corridor Plan's market study, shows household income above the village-wide average, and retail rents on the corridor have risen from $15.00 to $17.96 per square foot between 2019 and 2024, alongside rising vacancy - a combination the study characterizes as a possible demand signal for the corridor's remaining space. A full underwriting package, including civil engineering plans, zoning analysis, comparable sales data, and market data, is available to qualified buyers upon request.
Contact the Sale Advisor
1041 S LaGrange Rd