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    901 Ridge Rd Wilmette, IL 60091

    Sponsored
    For Sale
    $985,000

    Prime Wilmette location, 7-unit building, high traffic.

    Property size:
    5,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5,600-square-foot mixed-use building at 901 Ridge Road, Wilmette, IL, presents a rare investment opportunity. Situated on a 6,600-square-foot lot with NR zoning, this two-story building boasts a classic façade and high ceilings. The property enjoys unparalleled visibility and high traffic counts, with 17,500 vehicles daily on Lake Avenue and 6,700 on Ridge Road. The ground floor features two retail storefronts: a vacant 1,600+ square-foot medical clinic (suitable for various retail or professional uses) and a long-term tenant hair salon/barbershop. The second floor comprises a two-bedroom, one-bathroom apartment and two fully rented offices. An additional three-bedroom, one-bathroom apartment with a den is located in the attic. The building generates $5,010 in monthly rental income (excluding the vacant clinic). Amenities include five electric meters, an eight-space rear parking lot, a recently replaced roof, and a basement for storage. Conveniently located near the Wilmette Metra train, Pace bus stops, and the Edens Expressway. The property includes 903 Ridge Road but excludes 905 Ridge Road. Serious offers will be considered.

    Property Features for 901 Ridge Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,600 SF

    Building Details

    Year Built
    1907
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmette
    County
    Cook
    State
    Illinois
    Longitude
    -87.72285
    Latitude
    42.0792

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Wilmette location, 7-unit building, high traffic.
    Where is this mixed-use property located?
    The property is located at 901 Ridge Rd Wilmette, IL.
    What is the asking price?
    The asking price for this property is $985,000.
    (312) 254-0200
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    901 Ridge Rd Wilmette, IL 60091
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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
    901 Ridge Rd Wilmette, IL 60091
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