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Former Restaurant Space with Patio
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123 North Northwest Highway, Park Ridge, IL 60068

3,600 SF restaurant space with dedicated patio in Park Ridge.

Space SizeContact for details
Days on Market271

Property Features for 123 North Northwest Highway

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Oak Brook
Listed By: Sean McCourt
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 10 Last Checked: Aug 19 at 4:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook

Investment Insights

Based on property information with market context.

This 3,600 square foot space, formerly a restaurant, is located on an end cap and includes a large, dedicated patio. Situated in downtown Park Ridge, the property benefits from a highly trafficked intersection with a traffic volume of 38,900 vehicles per day. Neighboring businesses include Trader Joe’s, Hand and Stone Massage, Lens Crafters, Pure Barre, Orangetheory, Bluefish Sushi, and Rita’s Italian Ice & Frozen Custard.

Key Highlights

  • 3,600 SF Former Restaurant on End Cap with Large Dedicated Patio
  • Highly Trafficked Intersection: 38,900 VPD
  • Located in the Heart of Downtown Park Ridge

Property Analytics

Current Use

City Barbeque Take-out & Catering AT&T Store Mobile Phone Store Village Green Development ... Construction Company

Suggested Use

Top Pick Auto Repair Shop Garden Center Daycare Center Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,835
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 42% Dining 39% Shops & Services 13% Beauty & Spa 3%
Whole Foods Market Groceries
40,008 visits/mo 0.2 miles
Trader Joe's Groceries
36,431 visits/mo 0.4 miles
Chase Bank Shops & Services
16,191 visits/mo 0.2 miles
Starbucks Dining
11,887 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
11,256 visits/mo 0.1 miles

Demographics for 60068, IL

39,672
Population
15,999
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,435
Density / Sq Mi
$138,201
Median Household Income
$78,495
Median Earnings
$1,511
Median Rent
$539,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Nonno Pino's 6718 N Northwest Hwy, Chicago, IL 60631
  • Thalaiva's Indian Kitchen 116 Main St, Park Ridge, IL 60068
  • Applauze Catering 10 n summit ave, park ridge, il 60068

Frequently Asked Questions

What type of property is this?
Restaurant - 3,600 SF restaurant space with dedicated patio in Park Ridge.
Where is this restaurant located?
The property is located at 123 North Northwest Highway Park Ridge, IL.
What are key features of this property?
This property features: 3,600 SF Former Restaurant on End Cap with **Large Dedicated Patio**; Highly Trafficked Intersection: 38,900 VPD; Located in the Heart of Downtown Park Ridge
More about this property
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