Investor, Owner-User, Developer Opportunity

6 West Burlington Avenue, La Grange, IL 60525

  • For Sale $1,195,000
  • Property Type Retail - Street Retail
  • Property Size 2,700 SF
  • Lot Size 0.05 Acre
  • Additional Rent Contact for pricing
  • Date Updated Jan 12, 2025
Retail storefront along BurlingtonWith approximately 1,400 square feet of prime downtown La Grange space zoned for restaurant or retail, this is the rare opportunity for a retail or restaurant operator to own their downtown La Grange property and have the option to either live in the newly-improved apartment directly above their business or continue to lease the apartment for added revenue. MIXED-USE INVESTOR OPPORTUNITY The Property consists of an existing, leased 2nd floor apartment generating immediate income with additional revenue from the lease-up of the ground-floor retail space. ASSEMBLAGE OPPORTUNITY FOR DEVELOPERS With multiple adjacent properties currently available for purchase, a developer has the opportunity to potentially acquire the Property in conjunction with other neighboring properties offering greater size and scale for future potential redevelopment, or continued collection of retail, residential, and office rents in a thriving and growing suburban downtown district.Lease
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Highlights

  • Prime storefront retail space + leased 2nd floor apartment.
  • Mixed-use opportunity for investors, assemblage opportunity for developers, OR owner-user opportunity for retail/restaurant operators.
  • $40,800 current annual gross rental income (apt. unit) + a growing market rent of ground-level retail.
  • Assemblage opportunity for developers/investors to purchase along with peer adjacent properties.
  • Steps west of La Grange Road (19K cars) and 700 feet south of ridiculously-busy Ogden Ave-La Grange Road intersection.
  • Directly across from La Grange Metra station and just east of 180+ stall public parking lot.
  • Economic drivers and traffic-generators include growing commuter traffic, growing retail/restaurant development, and growing active/senior living communities and customer base.

Contacts

broker
Drew McElligott

Portal Properties

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City La Grange, IL
  • Zip Code 60525
  • Market Chicago

Points of Interest

  • LaGrange Road

    0.05 miles

  • Stone Avenue

    0.41 miles

  • Congress Park

    0.70 miles

  • Brookfield

    1.49 miles

  • Western Springs

    1.66 miles

  • Hollywood

    2.00 miles

  • Riverside

    2.65 miles

  • Hinsdale

    3.12 miles

  • Summit

    3.44 miles

  • Harlem Avenue

    3.73 miles

  • Citgo

    0.51 miles

  • Exxon

    0.53 miles

  • Mobil

    0.99 miles

  • BP

    1.28 miles

  • Amoco

    1.52 miles

  • Shell

    1.61 miles

  • ChargePoint

    2.12 miles

  • Soofa Solar Phone Charger

    7.43 miles

  • EVgo

    8.37 miles

  • eVgo

    9.29 miles

  • Calendar Ave Lot

    0.10 miles

  • Harris Ave Lot

    0.13 miles

  • Madison Ave Lot

    0.15 miles

  • Parking Deck

    0.15 miles

  • South Lot

    2.16 miles

  • Overflow Lot

    2.27 miles

  • North Lot

    2.35 miles

  • Discovery Center Lot

    2.39 miles

  • Truck Parking

    3.01 miles

  • Parking Deck C

    3.24 miles

  • Back Alley Burger

    0.04 miles

  • Aurelio's Pizza

    0.04 miles

  • Kama Indian Bistro

    0.04 miles

  • Barrel House Social

    0.04 miles

  • Grapevine Mediterranean Gourmet Cafe

    0.05 miles

  • Shang Noodle

    0.06 miles

  • Aodake Ramen

    0.06 miles

  • Luccas

    0.06 miles

  • Fourteensixteen

    0.06 miles

  • Yau's Place

    0.07 miles

  • Trader Joe's

    0.13 miles

  • Olivaceto

    0.19 miles

  • ALDI

    0.39 miles

  • The Dinner Club

    0.44 miles

  • Fruitful Yield

    0.51 miles

  • Jewel-Osco

    0.58 miles

  • Mariano's Fresh Market

    1.37 miles

  • Tischler's Fine Foods

    1.39 miles

  • TJ Maxx

    1.93 miles

  • Marshalls

    1.94 miles

Frequently Asked Questions

How much does Investor, Owner-User, Developer Opportunity cost?

The space currently listed for sale at Investor, Owner-User, Developer Opportunity asks for $1,195,000.

What is the total square footage of Investor, Owner-User, Developer Opportunity?

Investor, Owner-User, Developer Opportunity totals 2,700 square feet.

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Contact Listing Broker
broker
Drew McElligott

Portal Properties