Spectacular Location in Downtown La Grange! This prized two-story commercial building is a fresh canvas ready for its next chapter. Situated in the heart of downtown La Grange, this property offers a fantastic opportunity for a variety of uses. Key Features: Versatile First Floor: Ideal for a restaurant or retail space, the first floor provides an open layout with high ceilings, perfect for customizing to suit your business needs. Flexible Second Floor: The second floor offers a great opportunity for event space or offices. With ample room for customization, this space can be tailored to meet a variety of business or professional needs. Additional Basement Space: The basement offers extra square footage that can be utilized for storage or other purposes, adding significant value and functionality to the property. Bring your ideas and design your space to suit! This property represents a unique opportunity to create a bespoke commercial environment in a vibrant and affluent area. Don't miss the chance to be part of downtown La Grange's thriving community.
Incredible turnkey investment property featuring 6 luxury apartments + 5,000+ sqft ground floor retail space that is currently leased to an upscale home furnishings store (2,580sf retail space + full basement storage). The building is in a prime location in La Grange's Downtown Central Business District across the street from the Metra station and in close proximity to restaurants, bars, coffee shops, and retail. The area gets heavy foot traffic from the train station and nearby businesses and has high visibility from La Grange Rd. Completely rebuilt in 2015, the apartments feature high-end condo quality finishes including Hardwood white oak flooring, Italian cabinetry, quartz countertops, Bosch appliances, in-unit W/D, & custom closets. Each unit has its own mechanicals and pays for their own heat, AC, and gas. Parking conveniently located in public lot at the west end of the block. Overnight permits are $45/month for 1st car, $65/month for 2nd car, and $20/month for daytime parking for retail store.
The median home value in La Grange, IL is $509,250. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in La Grange, IL is $509,250. Approximately 78.33% of La Grange homes are owned, compared to 17.57% rented, while 4.1% are vacant. La Grange real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a La Grange real estate agent to arrange a tour today!
La Grange, Illinois has a population of 16,220. La Grange is more family-centric than the surrounding county with 45.65% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in La Grange, Illinois is $124,292. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in La Grange is 42.1 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 39.1 inches per year, with 31.6 inches of snow per year.