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505 S La Grange Rd , La Grange, IL 60525
$949,900
Est. Payment: $5,183.99/mo
6900 Sqft
0.18 Acres
Status: active | Days on site: 77
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House Description

Positioned along one of the most traveled commercial corridors in Chicago's western suburbs, 505 S. La Grange Road presents a rare opportunity to acquire a fully renovated, income-producing mixed-use asset in the heart of La Grange. Located directly on high-visibility La Grange Road, the property benefits from exceptional exposure, strong demographics, and convenient access to I-55, I-290, I-294, two nearby Metra BNSF stations, and both O'Hare and Midway airports. Recently reimagined to meet the demands of today's evolving professional workspace environment, this property has undergone extensive renovations throughout. New flooring, fresh paint, modern greyscale finishes, recessed LED lighting, and updated layouts create a sophisticated, turnkey environment designed to attract a wide range of professional, medical, retail, and service-based tenants. New interior doors and glass office partitions maximize natural light while creating an elevated, modern workspace experience. The building features beautifully updated reception areas on both levels with marble-inspired granite finishes, creating a professional first impression for clients and visitors alike. All four bathrooms have been completely renovated with new fixtures and plumbing upgrades completed in accordance with Village of La Grange occupancy standards. Additional improvements include all new upper-level windows, new plumbing enhancements, full window blinds throughout, Kwikset SmartKey lock systems for efficient tenant turnover, and a new weatherproof 12-unit mailbox system complete with parcel delivery and outgoing mail functionality. One of the property's standout features is the expansive lower-level suite, offering a nearly full-service kitchen equipped with a dishwasher, microwave, and full-size double-door refrigerator-ideal for hosting company events, training sessions, client gatherings, or collaborative work environments. Large-format televisions throughout the lower level double as presentation and projection systems, creating a flexible space for modern business operations. Ownership and tenant security are enhanced by a comprehensive 24-hour closed-circuit camera system monitoring all entrances and building perimeters. Outside, a newly installed black monument-style pylon sign provides premium visibility to both northbound and southbound traffic, offering exceptional branding opportunities for current and future occupants. Operationally, the property delivers the ideal blend of immediate income and future upside. Five leased units currently generate positive cash flow from day one, while five available suites provide significant lease-up potential and value-add opportunity. The recent consolidation of 505 and 507 S. La Grange Road into a single unified address further enhances operational efficiency and marketability. A dedicated on-site parking lot with easement rights included in the sale eliminates one of the most common challenges facing commercial properties along this corridor, providing a valuable amenity for tenants, employees, and customers. Surrounded by an affluent residential base, a thriving downtown business district, and a strong professional workforce, 505 S. La Grange Road offers a compelling combination of location, visibility, infrastructure, cash flow, and growth potential. Whether you're an investor seeking a stabilized asset with upside or an owner-user looking to establish a flagship presence in one of Chicagoland's most desirable suburban markets, this is a commercial real estate opportunity positioned for both immediate performance and long-term appreciation.

Highlights

Listed by Nick Libert , 773-542-3781 and Tabren Smith , (872) 324-3061 EXIT Strategy Realty , 312-554-5478. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.18

Year Built

1960

County

Cook

Area

La Grange

Listing ID

12671481

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Interior Features

Air Cond:Central Individual
Fireplaces:

Exterior Features

Lot Dimensions:62 X 124
Zoning:COMMR
Principal Interest
$5,184
Taxes
$4,101

Home Price

$949,900

Loan Details

30 yrs
7.25%

Down Payment

20%
$189,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,183.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,183.99 $4,100.92 $0.00 $9,284.92
Yearly $62,207.93 $49,211.06 $0.00 $111,418.99
Total $1,866,237.84 $1,476,331.80 $0.00 $3,342,569.64
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (La Grange, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T14:56:06.000Z

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