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Downtown La Grange Collection 500-504 W Burlington Ave 34,279 SF 100% Leased Retail Building La Grange, IL 60525 $6,730,000 ($196.33/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 building collection located in Downtown La Grange | Occupies an entire city block with nearly 300 feet of frontage along W Burlington Ave
- Notable national tenants: Rush Physical Therapy, Duly Healthcare, Mathnasium, and Berkshire Hathaway HomeServices
- Average household income of $181,947 within a mile radius
- Add-value opportunity | Two of the buildings are 100% occupied, while one building has 2,891 square feet of vacant space available for add-value
- Across the street from Metra Train Station (7,376,419 passengers in 2024, up 19.64% from 2023)
- Rush Physical Therapy has a private parking lot in the back with 21 available spaces
EXECUTIVE SUMMARY
Investors are offered the opportunity to acquire a three-building collection which occupies a full city block in downtown La Grange, one of the most desirable western suburbs of Chicago. The current ownership has methodically assembled this portfolio over the last twenty years. Downtown La Grange Collection offers investors a variety of long-term options, which include holding for strong cash flow or re-developing the site in the future given the substantial size of the combined parcels. The property features long-operating tenants—including Duly Health Care (since 2007), Corte Dental (since 1994), and several others with 10–20+ years of history—along with notable national tenants such as Rush Physical Therapy, Mathnasium, and Berkshire Hathaway HomeServices. The property offers outstanding transit access, sitting directly across from the high-traffic Stone Ave Metra Station and near the La Grange Amtrak Station. The site also benefits from excellent surrounding demand drivers, including Lyons Township High School (3,767 students) and a dense mix of local and national retailers. The trade area is extremely affluent and highly populated, with over 104,000 residents and 117,000 employees within three miles, as well as an average household income of $181,947 within one mile.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
34,279 SF
Building Class
B
Year Built
1922
Price
$6,730,000
Price Per SF
$196.33
Cap Rate
8%
NOI
$538,402
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
1.11 AC
Parking
21 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
198’ on Burlington Ave
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $174,540 | |
| Land Assessment | $51,021 | Total Assessment | $225,561 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,021
Improvements Assessment
$174,540
Total Assessment
$225,561
CONTACTS
-
Sean Sharko -
Adrian Mendoza -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Downtown La Grange Collection | 500-504 W Burlington Ave
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