Marcus & Millichap Sells Medical-Anchored Retail Portfolio In La Grange For $6.345M
500 West Burlington Avenue & 522 West Burlington Avenue
$6,345,000
$185/SF
Building Size
34,279 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
The property involved in this transaction is a three-building retail portfolio located at 500-522 West Burlington Avenue in La Grange, Illinois. This medical-anchored retail portfolio spans 34,279 square feet and consists of 12 suites. The sale price for the portfolio was $6,345,000, translating to a price per square foot of $185.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,345,000
- Square Footage: 34,279
- Price Per Square Foot: $185
- Address: 500-522 West Burlington Avenue
- Market: La Grange, IL
Adrian Mendoza, Sean Sharko, and Austin Weisenbeck of Marcus & Millichap represented the sale, negotiating the agreement for the medical-anchored retail portfolio, which is anchored by Duly Health Care and Corte Dental. Each broker was instrumental in handling the exclusive listing for this transaction.
On the Map
$6,345,000
$185/SF
Retail
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Players
Chaptico Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93