Description

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Marcus & Millichap is pleased to present a value-add property located in La Grange, Illinois. The property is located at 633 South La Grange Road, less than one mile from the heart of downtown La Grange and all it has to offer. The property has 12 commercial units that can be used for office or retail and two residential apartments. There is also an open area adjacent to the building that is being leased out for parking but could be built on.

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The property has multiple vacancies with mostly month-to-month leases. One residential tenant is without a lease and the other expires in 2023. The city of La Grange is very open for this property to be redeveloped into something more appealing. You can build lot line to lot line and there are no setbacks.

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La Grange is a vibrant community located approximately 13 miles west of downtown Chicago, Illinois. Its downtown boasts many restaurants, shopping, and train access. The demographics are excellent with over 80 percent of employees are in white-collar occupations and the average household income is over $153,000 per year.