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Unit Size: 3,834 SF
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Condo Use: Retail
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Price: $799,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $208.40 USD
Description
21 S. La Grange (Rented)
1,538 (1,392 rentable) square foot space currently rented as a coffee shop (Wheely’s). Space includes an open service area, kitchen area, storage, and two bathrooms. New air conditioning unit installed in 2021. The furnace is located in the ceiling and the water heater is located in the basement (exclusive use of basement is allocated to the upstairs commercial condo owners). Currently leased at $3,200 per month through July 31st, 2027. The lease does not allocate any parking spaces to this unit, but can be changed with new ownership.
23 S. La Grange (Owner Occupied)
2,296 (2,091 rentable) square foot space currently used as a retail store. Includes a separate 200 square foot commercial kitchen space complete with all gas hookups, commercial sinks, electrical connections, as well as a hood with fire suppression system and its own external return air furnace. Currently divided into a large open retail floor, with a hallway leading to the office, mop room, bathroom, and storage room. The kitchen is accessible through the storage room or through a separate door accessed by a common hallway. This unit has access to and exclusive use of the basement area. Mechanicals (furnace and water heater), electrical panels, gas meters, and water connections are all located in the basement. 1 new air conditioning unit installed in 2022. The exclusive use of 6 spaces in the rear of the building is currently allocated to this unit, but future ownership can divide as wanted. This space will be available for occupation once the sale is completed.
Sale Notes
This property is located in the heart of Downtown La Grange and is ideally located to take advantage of major Village events such as the Pet Parade, Craft Fair, and Holiday Walk. Several parking lots are located nearby, and the private parking in the back is ideal for employees or restaurant pick-up services. The property receives excellent visibility with 97 feet of frontage on La Grange Rd, which is a major North/South traffic artery (approximately 18,500 vehicles per day). There is built-in pedestrian traffic from the nearby (1/2 block) train stop, pedestrian crosswalk located in front of the building, and other businesses in the area. True restaurant/retail spaces are rarely available for sale on La Grange Rd, so don’t miss out on this opportunity!
