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    5 S Prospect Ave Park Ridge, IL 60068

    For Lease
    $36 SF/Yr

    Other - Park Ridge, IL

    Days on Market:
    26
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 5 S Prospect Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OFFIC

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1928
    Flooring type
    Wood
    Roof type
    Membrane
    Architectural style
    Other

    RE/MAX PROPERTIES NORTHWEST (847) 698-7000 [email protected]

    Listing agent Terri Tillinghast (847) 698-7000 License #471013502

    Listing date Nov 11, 2025

    MLS# 12514525 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Pickwick Theater Office Space

    Located in the historic Pickwick Theater building, this office space is accessible via a wide marble staircase to the second floor. An elevator is also available. The space is suitable for professional or business use. Nicely appointed restrooms are located in the shared office area. The tenant is responsible for electric, cable, phone, and internet expenses. The property is located in uptown Park Ridge, Illinois.
    Location Intelligence

    Current Use by Public Records

    Pickwick Theatre Movie Theater

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.82944
    Latitude
    42.011047

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    FAQs

    What type of property is this?
    Office space - Office space in Park Ridge's prestigious Pickwick Theater building.
    Where is this office space located?
    The property is located at 5 S Prospect Ave Park Ridge, IL.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Prime Uptown location in the historic Pickwick Theater Building.; - Suitable for professional/business use.; - **Dramatic wide marble staircase.**
    (847) 698-7000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 S Prospect Ave Park Ridge, IL 60068
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