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Commerce Place 512 W Burlington Ave 23,125 SF 85% Leased Office Building La Grange, IL 60525 $2,950,000 ($127.57/SF) 8.34% Cap Rate
EXECUTIVE SUMMARY
Prime Investment Opportunity ~ 23,125 Office building anchored by Duly Medical and other medical / professional tenants over 2 levels with elevator access. This 0.5 acre site is located in vibrant West-end Downtown La Grange steps to the Metra Station Crossing. Strong income-producing properties at 91 % occupancy. Rare on-site parking of 10 exterior and 8 indoor garage parking spaces with overhead drive-in doors. 512 Burlington is surrounded by retail, office, and medical users. Sits along the train line with residential multi-family and homes less than a block away. Potential to redevelop the 2nd floor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
23,125 SF
Building Class
B
Year Built/Renovated
1920/1986
Price
$2,950,000
Price Per SF
$127.57
Cap Rate
8.34%
NOI
$246,078
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,562 SF
Building FAR
1.06
Lot Size
0.50 AC
Zoning
C-2, La Grange - Commercial, Store Building
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Discover the ultimate escape room experience in La Grange near Naperville, Oak brook, and Chicago. The thing to do in La Grange.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Private offices and conference.
Asking rent of $3,050 per month.
Private offices and conference.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 800 SF | Office | Full Build-Out | Now |
| 2nd Floor | 1,385 SF | Office | Full Build-Out | Now |
| 2nd Floor | 1,200 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,385 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 800 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Private offices and conference.
2nd Floor
| Size | 1,385 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Asking rent of $3,050 per month.
2nd Floor
| Size | 1,200 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Private offices and conference.
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $477,951 | |
| Land Assessment | $65,253 | Total Assessment | $543,204 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$65,253
Improvements Assessment
$477,951
Total Assessment
$543,204
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Commerce Place | 512 W Burlington Ave
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