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711 W Hillgrove Ave 2,854 SF 50% Leased Retail Building La Grange, IL 60525 $1,324,670 CAD ($464.15 CAD/SF)



Investment Highlights
- Fully renovated mixed-use property featuring commercial and residential components.
- Illuminated rear parking lot with 11 on-site spaces, a rare amenity in La Grange.
- Includes security, wired audio systems, washer/dryer hookups, and advanced plumbing upgrades.
- More than $275,000 in recent improvements, including infrastructure and aesthetics.
- Located steps from Metra BNSF commuter rail and vibrant downtown retail destinations.
Executive Summary
Exceptional opportunity to own a fully renovated mixed-use building in the heart of downtown La Grange. Situated on a 5,841 SF lot, the property features
approximately 3,279 square feet above grade (excluding the basement), including a beautifully updated 1,435 SF street-level commercial space currently operating as
a salon, along with two second-floor residential apartments totaling approximately 1,354 SF. This property has undergone more than $275,000 in recent
improvements, including a full apartment renovation completed in 2025, new AC unit and water heater in 2024, exterior tuckpointing and brick cleaning, salon build
out upgrades, enhanced plumbing, lighting improvements, and updated mechanicals. Additional features include a wired music system throughout the salon, a 7
camera security system, washer/dryer hookups in the basement and retail space, an in-unit washer and dryer in the two-bedroom apartment, Culligan reverse osmosis
systems, an illuminated rear parking lot, and 11 on-site parking spaces-an extremely rare amenity in downtown La Grange. Ideal for an owner-user seeking to operate
their business on the first floor while generating supplemental income from the residential units above. Low 2023 real estate taxes of approximately $11,908 further
enhance the appeal of this unique investment opportunity.
approximately 3,279 square feet above grade (excluding the basement), including a beautifully updated 1,435 SF street-level commercial space currently operating as
a salon, along with two second-floor residential apartments totaling approximately 1,354 SF. This property has undergone more than $275,000 in recent
improvements, including a full apartment renovation completed in 2025, new AC unit and water heater in 2024, exterior tuckpointing and brick cleaning, salon build
out upgrades, enhanced plumbing, lighting improvements, and updated mechanicals. Additional features include a wired music system throughout the salon, a 7
camera security system, washer/dryer hookups in the basement and retail space, an in-unit washer and dryer in the two-bedroom apartment, Culligan reverse osmosis
systems, an illuminated rear parking lot, and 11 on-site parking spaces-an extremely rare amenity in downtown La Grange. Ideal for an owner-user seeking to operate
their business on the first floor while generating supplemental income from the residential units above. Low 2023 real estate taxes of approximately $11,908 further
enhance the appeal of this unique investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,854 SF
Building Class
C
Year Built/Renovated
1901/2025
Price
$1,324,670 CAD
Price Per SF
$464.15 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.14 AC
Zoning
C-2
Parking
5 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
34’ on Hillgrove Ave
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-04-112-050-0000 | Improvements Assessment | $57,979 CAD |
| Land Assessment | $8,959 CAD | Total Assessment | $66,938 CAD |
Property Taxes
Parcel Number
18-04-112-050-0000
Land Assessment
$8,959 CAD
Improvements Assessment
$57,979 CAD
Total Assessment
$66,938 CAD
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711 W Hillgrove Ave
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