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    1400 Renaissanace Dr Park Ridge, IL 60068

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    For Sale
    $3,000,000

    Commercial land available for redevelopment in Park Ridge, Illinois.

    Property size:
    60,780 SF

    Property Features for 1400 Renaissanace Dr

    General Information

    Size
    60,780 SF

    Building Details

    Year built
    1970

    Source: Tony Russo Agent Tony Russo

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

    Overview

    Park Ridge Redevelopment Opportunity

    This commercial land, situated in Park Ridge, Illinois, presents a redevelopment opportunity. The property encompasses a total area of 60780 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

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

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    FAQs

    What type of property is this?
    Land - Commercial land available for redevelopment in Park Ridge, Illinois.
    Where is this land located?
    The property is located at 1400 Renaissanace 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; - Built in 1970
    (630) 728-1179
    Request Owner's contact information
    1400 Renaissanace 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 Renaissanace Dr Park Ridge, IL 60068
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