505 S La Grange Rd | La Grange, IL 60525
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505 S La Grange Rd
La Grange, IL 60525
Office Property For Sale
Executive Summary
Ideally situated LaGrange Road Mixed-Use property walking distance to downtown LaGrange! Bring your vision to life with a recently renovated canvas! Suitable for retail, professional services, or a combination of the two and easily divisible. This property can offer a jumpstart for a new business venture or an element of prestige for an existing conglomerate. The entire property is extremely well maintained and everything inside has been renovated for a pleasing neutral esthetic. Situated conveniently between Countryside and Downtown LaGrange, this building can be your new address. Whether you are looking for a small space to escape a work from home environment or you are looking for a blank canvas to create your greatest masterpiece, this property has it all. Generous Off-Street Parking lot. Well maintained building with many recent improvements. First floor can easily be divided for 2 tenants with 2 separate entrances, restrooms & HVAC The lease terms will include some or all of the utilities, based on the size of the space (co-working suites include all utilities/large individual suites pay for meter usage utilities such as gas and electric). Details and information on this may be discussed with all serious inquiries. The building is currently partially occupied on the second floor with individual door, co-working tenants and we ask that you do not disturb any existing tenancies. A lease for the entire premises is also available (MLS # ) with negotiations to existing tenant contractual terms, most of whom are currently on a MTM contract. Further details and financials can be disclosed with a serious lease interest/LOI. Personal guarantee may be required depending on lessee and term. Multi-year leases are welcomed and pricing will be negotiated to reflect the commitment while not jeopardizing market value of this gem. Existing signage on the building will be removed for a blank canvas for a new marquis occupancy. Exterior street level signage also available to expand your visibility to thousands of vehicles directly on La Grange Road. Flexible lease terms, some with immediate availability. Come see this rarely available, modern and updated beauty today!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built/Renovated
1970/2024
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.98
Lot Size
0.18 AC
Parking
19 Spaces (2.53 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 18-09-200-006-0000 | Improvements Assessment | $212,614 CAD |
Land Assessment | $33,501 CAD | Total Assessment | $246,115 CAD |
PROPERTY TAXES
Parcel Number
18-09-200-006-0000
Land Assessment
$33,501 CAD
Improvements Assessment
$212,614 CAD
Total Assessment
$246,115 CAD
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