Listing provided courtesy of EXIT Strategy RealtyMREDas Distributed by MLSGrid- MLS# 12671481MLS Provider

505 S La Grange RoadLa Grange, IL 60525

Commercial · 6,900 Sq. ft.
$949,900 Active

505 S La Grange Road Overview

Time on Site:
13 days
Visits:
0

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.

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505 S La Grange Road Facts & Features

  • Type Commercial
  • Sq. ft. 6,900
  • Price/Sq.ft. $138

Details

General

Income/Expenses

  • Existing Lease Type: Gross
  • Gross Income: 67800
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 14484

Building Information

  • Year Built: 1960

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: La Grange
  • Township: Lyons

Rent/Lease Information

  • Lease Term: 12 Months
  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $49,211.06
  • Tax Year: 2025

General Information

  • Parcel Number: 18092000060000
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6900

General Information

  • Cooling: Central Individual
  • Electric: Circuit Breakers
  • Leasable Area: 3450
  • Stories: 2

Unit Information

  • Unit SqFt.: 6900

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 62 X 124
  • Lot Size Square Feet: 7688

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4

505 S La Grange Road Neighborhood

Community

60525 (La Grange) Demographics

44
Median Age
2,399
Population Density (per sq. mile)
56%
College Educated
$92,031
Estimated Median Income
9,445
Estimated Total Home Owners
2,250
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

505 S La Grange Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

505 S La Grange Road Market Data

Based on the last 30 days in this zip code

$725,708
Average List Price
$350
Average Price per Square Foot
20
Properties Sold
44
Average Days on Market
106
Properties for Sale
Calculations provided by Reliance Network

505 S La Grange Road History

Date Event Value Agent
6/22/2026Source: MRED Status Change
Active
6/16/2026Source: MRED Added to Database
June 16, 2026
5/4/2026Source: MRED Status Change
Rented
2/7/2026Source: MRED Status Change
Active
2/2/2026Source: MRED Added to Database
February 02, 2026
12/24/2025Source: MRED Status Change
Active
12/18/2025Source: MRED Status Change
Re-activated
2/26/2025Source: MRED Status Change
Active
2/21/2025Source: MRED Added to Database
February 21, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022