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For sale
  • $949,900

    505 S La Grange Rd, La Grange, IL 60525

    0beds
    0baths
    --sqft
    : 
    $7,294/mo
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    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
    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.
    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

        DateEventPrice
        10/29/2026Listed for sale$949,900+65.2%
        Source: EXIT Realty broker feed #12671481 Report a problem
        6/2/2021Sold$575,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 60525

        Getting around

        71 / 100
        Very Walkable
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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