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18 W Burlington Ave 11,760 SF 46% Leased Retail Building La Grange, IL 60525 $1,790,768 CAD ($152.28 CAD/SF)
Investment Highlights
- Leased multi-tenant office & retail building.
- The office tenant on the second floor and partial first floor will vacate for an owner-user or sign a long-term lease for an investor.
- The asset is located just 18 miles from Downtown Chicago, 17 miles from O’Hare Airport and 10 miles from Midway Airport.
- First floor retail space are leased to a collection of long-term tenants.
- Directly across the street from the LaGrange METRA Rail Station.
- Situated on corner of La Grange Rd and Burlington Ave, the Property sees a daily traffic count of 22,300 cars per day.
Executive Summary
Lee & Associates of Illinois, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest in the leased multi-tenant office & retail building (the “Property”) located at 18 Burlington Avenue in LaGrange, Illinois. The Property consists of prime
first floor retail space along with second floor executive offices and is leased to a collection of long-term tenants on the first floor. The office tenant on the second floor and partial first floor will vacate for an owner-user or sign a long-term lease for an investor. This offering
may also present an investor the potential opportunity to convert the second floor office space to multifamily residential should that be a
‘highest and best use’ option given the transit oriented nature of this location and the current market demand for multi-family. Overall, the offering presents a rare opportunity to acquire prime real estate in an affluent suburban-Chicago community with long-term leases to stable, good credit tenants directly across the street from the LaGrange METRA Rail Station with daily direct-express service to the
City of Chicago and its vast employment center. The asset is located just 18 miles from Downtown Chicago, 17 miles from O’Hare Airport
and 10 miles from Midway Airport. The brick façade Property is currently occupied by Club Pilates and Peak Running on the 1st floor (5,176 SF) with executive office on the 2nd floor (5,287 SF). The Property’s exceptional curb appeal, along with its long term tenancy, combine to form an excellent investment opportunity. The building is surrounded by a host of amities including many upscale restaurants, bars, coffee shops, parks and high-end apartment buildings. Median income within a mile radius is $132,340 and the average home value is over $514,000. According to niche.com, La Grange ranks as number 42 on the best suburb to live in Illinois and number 36 on the best public schools in Illinois. Situated on corner of La Grange Rd and Burlington Ave, the Property sees a daily traffic count of 22,300 cars per day.
first floor retail space along with second floor executive offices and is leased to a collection of long-term tenants on the first floor. The office tenant on the second floor and partial first floor will vacate for an owner-user or sign a long-term lease for an investor. This offering
may also present an investor the potential opportunity to convert the second floor office space to multifamily residential should that be a
‘highest and best use’ option given the transit oriented nature of this location and the current market demand for multi-family. Overall, the offering presents a rare opportunity to acquire prime real estate in an affluent suburban-Chicago community with long-term leases to stable, good credit tenants directly across the street from the LaGrange METRA Rail Station with daily direct-express service to the
City of Chicago and its vast employment center. The asset is located just 18 miles from Downtown Chicago, 17 miles from O’Hare Airport
and 10 miles from Midway Airport. The brick façade Property is currently occupied by Club Pilates and Peak Running on the 1st floor (5,176 SF) with executive office on the 2nd floor (5,287 SF). The Property’s exceptional curb appeal, along with its long term tenancy, combine to form an excellent investment opportunity. The building is surrounded by a host of amities including many upscale restaurants, bars, coffee shops, parks and high-end apartment buildings. Median income within a mile radius is $132,340 and the average home value is over $514,000. According to niche.com, La Grange ranks as number 42 on the best suburb to live in Illinois and number 36 on the best public schools in Illinois. Situated on corner of La Grange Rd and Burlington Ave, the Property sees a daily traffic count of 22,300 cars per day.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,760 SF
Building Class
B
Year Built
1985
Price
$1,790,768 CAD
Price Per SF
$152.28 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.14 AC
Parking
3 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
60’ on Burlington Ave
Amenities
- Commuter Rail
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Office/retail space for lease
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 6,370 SF | Office/Retail | - | Now |
2nd Floor
| Size |
| 6,370 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 6,370 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Office/retail space for lease
Walk Score®
Walker's Paradise (96)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $838,874 CAD | |
| Land Assessment | $107,066 CAD | Total Assessment | $945,940 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$107,066 CAD
Improvements Assessment
$838,874 CAD
Total Assessment
$945,940 CAD
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18 W Burlington Ave
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