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422 Hwy NW Park Ridge, IL

For Sale
$2,595,000

24,470 SF office building in prime Park Ridge location.

Property size:
24,470 SF
Lot size:
1.21 Acres

Property Features for 422 Hwy NW

General Information

Size
24,470 SF
Lot size
1.21 Acres

Source: McLennan Commercial Properties Agent Jim Conrad

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Park Ridge Office Building For Sale

This 24,470 square foot office building, constructed in 1967 and renovated in 2024, contains 24 units. The property is zoned O-Office, suitable for various professional services. It benefits from a prime location in Park Ridge, with proximity to major transportation hubs and uptown amenities. Professional management is in place. The property has a 97.2% occupancy rate and a 9.19% cap rate based on the 2023 net operating income. Smaller footprint spaces remain in demand.
Location Intelligence

Current Use by Public Records

Office buildings

Map

City
Park Ridge
County
Cook
State
Illinois
Longitude
-87.8435
Latitude
42.0122

FAQs

What type of property is this?
Office building - 24,470 SF office building in prime Park Ridge location.
Where is this office building located?
The property is located at 422 Hwy NW Park Ridge, IL.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: - High 9.19% Cap Rate (using 2023 NOI); - Boasting a 97.2% Occupancy Rate; - Recently Renovated in 2024
More about this property
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