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Corner Office Suite
New
For Lease
$37 SF/Yr

3 S Prospect Avenue Unit 5B, Park Ridge, IL 60068

The second-floor workspace has elevator access and shared restrooms.

Space SizeContact for details
Days on Market5

Property Features for 3 S Prospect Avenue Unit 5B

General Information

Standard status Active
Elevators Yes
Property subtype COMMERCIAL

Space & Availability

Floor 2
Space Use Office

Amenities

marble staircase
restrooms

Building Details

Year Built 1928
Listing Agency: Baird & Warner
Listed By: Peter Fotopoulos · License #471010854
Source: Dawnmckennagroup
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:35AM

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 Baird & Warner

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Investment Insights

Based on property information with market context.

A corner office suite occupies the second floor of the Pickwick Theater Building, an Art Deco property dating to 1928. The shared office area is served by an elevator, with restrooms available for common use.

Located at 3 S Prospect Avenue in Park Ridge, the building is in the Uptown district. The tenant is responsible for electricity, cable, telephone, and internet service.

Key Highlights

  • Corner office suite on the second floor
  • Located in the Art Deco Pickwick Theater Building, built in 1928
  • Elevator access to the shared office area

Property Analytics

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Current Use

Lago & Associates Dental Office Rotary Club of Chicago ... Nightclub Menegas William G ... Dental Office Farmers Insurance - Edin ... Insurance Agency Spilt Coffee Photography ... Photography Service

Suggested Use

Top Pick Auto Repair Shop Daycare Center Grocery & Convenience Store Garden Center Auto Parts 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
$5.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,756
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The second-floor workspace has elevator access and shared restrooms.
Where is this office unit located?
The property is located at 3 S Prospect Avenue Unit 5B Park Ridge, IL.
What is the lease rate?
The lease rate is $37 SF/Yr.
What are key features of this property?
This property features: Corner office suite on the second floor; Located in the Art Deco Pickwick Theater Building, built in 1928; Elevator access to the shared office area
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