18 W Burlington Ave, La Grange, IL 60525

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.