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.
For sale
$949,900
505 S La Grange Rd, La Grange, IL 60525
0beds
0baths
--sqft
Other
Built in 1960
-- sqft lot
$946,100 Zestimate®
$--/sqft
$-- HOA
What's special
Modern greyscale finishesFully renovatedUpdated layoutsFresh paintKwikset smartkey lock systemsAll new upper-level windowsRecessed led lighting
- 12 days
- 291
- 23
Zillow last checked:
Listed by:
Nick Libert,
EXIT STRATEGY REALTY
Source: EXIT Realty broker feed,MLS#: 12671481
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Cooling
- Central Air
Features
- Basement:
- Has fireplace: No
Video & virtual tour
Property
Details
- Parcel number: 1809200006
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other
Condition
- Year built: 1960
Community & HOA
Location
- Region: La Grange
Financial & listing details
- Tax assessed value: $1,715,120
- Annual tax amount: $42,871
- Date on market: 10/29/2026
- Lease term: Contact For Details
Estimated market value
$946,100
$899,000 - $993,000
$3,538/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Listed for sale | $949,900+65.2% |
Source: EXIT Realty broker feed #12671481 Report a problem | ||
| 6/2/2021 | Sold | $575,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $42,871 +5.7% | $171,512 +0% |
| 2023 | $40,569 +0.5% | $171,511 +19.3% |
| 2022 | $40,368 -17.3% | $143,750 -20.6% |
| 2021 | $48,787 +40.9% | $180,994 +36.5% |
| 2020 | $34,629 +46.9% | $132,596 +48.3% |
| 2019 | $23,571 +40.5% | $89,409 +38.8% |
| 2018 | $16,776 -29.9% | $64,437 -31.9% |
| 2017 | $23,919 -27.4% | $94,557 -21.5% |
| 2016 | $32,943 +1.5% | $120,508 |
| 2015 | $32,470 -3.7% | $120,508 -5.6% |
| 2014 | $33,703 -5% | $127,651 -7.8% |
| 2013 | $35,489 | $138,463 |
Find assessor info on the county website
Monthly payment
Est. payment






