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    1400 Renaissance Dr Park Ridge, IL 60068

    For Sale
    $3,000,000

    60,780 SF office building on 3.49 acres for sale.

    Property size:
    60,780 SF
    Lot size:
    3.51 Acres

    Property Features for 1400 Renaissance Dr

    General Information

    Size
    60,780 SF
    Lot size
    3.51 Acres

    Source: Lee & Associates | Chicago Agent Tony Russo

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

    Overview

    Park Ridge Office Redevelopment Opportunity

    This 60,780 square-foot office building, constructed in 1970 and classified as Class B, presents a redevelopment opportunity. The property is situated on 3.49 acres and includes 17 indoor parking spaces and 75 outdoor parking spaces. It offers excellent exposure on Northwest Highway and is located near Advocate Lutheran General Hospital, Benjamin Franklin Elementary School, and Maine East High School. The property is a 7-minute drive to Golf Mill Shopping Center and a 4-minute drive to I-294. The intended use of the property is office.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Finney Company Promotional Products Supplier Chicago Section American ... Non-Profit Organization Maine Township Center ... Alcoholism Treatment Program John Pierce Consulting ... Business Management Consultant VG Supply Company, ... Wholesaler

    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
    -87.8637564
    Latitude
    42.0329913

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    FAQs

    What type of property is this?
    Office building - 60,780 SF office building on 3.49 acres for sale.
    Where is this office building located?
    The property is located at 1400 Renaissance Dr Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Redevelopment Opportunity; - Excellent Exposure on Northwest Hwy; - Large Building Size: **60,780 SF**
    (630) 728-1179
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    1400 Renaissance Dr 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
    1400 Renaissance Dr Park Ridge, IL 60068
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