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    505 Busse Hwy Park Ridge, IL 60068

    For Sale
    $2,200,000

    Office - Park Ridge, IL

    Type:Office
    Property size:
    13,025 SF
    Lot size:
    0.98 Acres
    Days on Market:
    325
    Last Refresh:
    Dec 14 at 11:06 pm

    Property Features for 505 Busse Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    09263010150000
    Size
    13,025 SF
    Lot size
    0.98 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Building materials
    Brick
    Architectural style
    Other

    Troy Realty LTD (773) 792-3000 [email protected]

    Listing agent William Gold (773) 792-3000 License #471005488

    Listing date Jan 24, 2025

    MLS# 12276858 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

    Park Ridge Office Building For Sale

    This well-located office building is situated at 505 Busse Highway in Park Ridge, IL. The property, suitable for office use or redevelopment, offers 13,025 square feet of living area on a 0.98-acre lot. Its location provides convenient access to the vibrant Uptown Park Ridge area, which features a variety of dining options, boutique shops, and entertainment venues. The property is also close to highways, O'Hare Airport, and Metra.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Americare Technical School School Platinum Health Services ... Health

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.855708
    Latitude
    42.0245086

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    FAQs

    What type of property is this?
    Office building - Well-located office building near Uptown Park Ridge, highways, and O'Hare.
    Where is this office building located?
    The property is located at 505 Busse Hwy Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime location at 505 Busse Hwy in Park Ridge, IL.; - Convenient access to Uptown Park Ridge's dining, shops, and entertainment.; - Close proximity to Highways, O'Hare Airport, and Metra.
    (773) 792-3000
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    Park Ridge, IL 60068
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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
    505 Busse Hwy Park Ridge, IL 60068
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