For Lease: 18 W Burlington Ave

Lee & Associates of Illinois, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest in the leased multi-tenant office & retail building (the “Property”) located at 18 Burlington Avenue in LaGrange, Illinois.​ The Property consists of prime first floor retail space along with second floor executive offices and is leased to a collection of long-term tenants on the first floor.​ The office tenant on the second floor and partial first floor will vacate for an owner-user or sign a long-term lease for an investor.​ This offering may also present an investor the potential opportunity to convert the second floor office space to multifamily residential should that be a ‘highest and best use’ option given the transit oriented nature of this location and the current market demand for multi-family.​

Overall, the offering presents a rare opportunity to acquire prime real estate in an affluent suburban-Chicago community with long-term leases to stable, good credit tenants directly across the street from the LaGrange METRA Rail Station with daily direct-express service to the City of Chicago and its vast employment center.​ The asset is located just 18 miles from Downtown Chicago, 17 miles from O’Hare Airport and 10 miles from Midway Airport.​

The brick facade Property is currently occupied by Club Pilates and Peak Running on the 1st floor (5,176 SF) with executive office on the 2nd floor (5,287 SF).​ The Property’s exceptional curb appeal, along with its long term tenancy, combine to form an excellent investment opportunity.​

The building is surrounded by a host of amities including many upscale restaurants, bars, coffee shops, parks and high-end apartment buildings.​ Median income within a mile radius is $132,340 and the average home value is over $514,000.​ According to niche.​com, La Grange ranks as number 42 on the best suburb to live in Illinois and number 36 on the best public schools in Illinois.​ Situated on corner of La Grange Rd and Burlington Ave, the Property sees a daily traffic count of 22,300 cars per day.​

• Multi-tenant retail/office building
• 6 spots plus street parking
• Zoning: C-1CR
• 2.3 miles to I-294; 3.6 miles to I-55
• Entire building is sprinklered
• Built in 1985
• Burlington Avenue: 1,900 VPD
• LaGrange Road: 20,400 VPD