Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space Available Title is generated by Realmo AI

    350 South Northwest Highway, Park Ridge, IL 60068

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr

    Office space for rent with convenient amenities and accessibility.

    Type:Office
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 5 at 8:21 pm

    Property Features for 350 South Northwest Highway

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 350 South Northwest Highway Contact us

    We can help!

    Listing Contact
    Dan Graham

    Listing agent Dan Graham

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    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 Dan Graham

    HighLights

    • Great Chicago CBD and O’Hare accessibility
    • Walking distance from Metra and numerous restaurants
    • Underground parking available
    • 24‑hour building facility
    • On‑site building engineers and property management
    • Recently renovated building corridors

    Overview

    This office space is located in a building that features recently renovated corridors and beautifully landscaped surroundings. The building offers on-site amenities such as a deli and a banking facility. Conferencing facilities are available for tenant use. For convenience, the property includes underground parking and 24-hour building facility access. On-site building engineers and property management are present to maintain the property. The location provides accessibility to both the Chicago CBD and O’Hare area. The property is within walking distance of Metra and numerous restaurants.
    Location Intelligence

    Current Use by Public Records

    Fusion Chemical Inc. Factory Alliance Pallets of Chicago Logistics Company NorthPark First Surgical ... Medical Clinic Plymouth Rock Moving Moving Company Faherty + Flynn LLC Employment Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8261
    Latitude
    42.0087

    Nearby Similar for Lease

    • Contact for pricing

      Updated Office Space in Park Ridge

      Prime uptown office space near transportation and amenities.
      41 S Prospect Avenue, Park Ridge, IL 60068
      View Details
    • Sponsored
      $129-$4,576/Mo
      11-1,292 SF

      Park Ridge Plaza

      350 Northwest Hwy, Unit 300, Park Ridge, IL 60068
      View Details
    • $32 SF/Yr
      1,950 SF

      Dental Office Space Available

      Second generation dental office space for lease in Park Ridge.
      912 Busse Hwy, Park Ridge, IL 60068
      View Details
    • $24 SF/Yr
      1,925 SF

      Finished Commercial Space Near Uptown

      Versatile 1,925 SF space near Uptown Park Ridge.
      831 W Touhy Avenue, Park Ridge, IL 60068
      View Details
    • Contact for pricing

      IL, Park Ridge - Prospect Ave

      222 Prospect Ave, Unit 3RD, Park Ridge, IL 60068
      View Details
    • $23 SF/Yr
      825 SF

      Retail Space in Park Ridge

      Adaptable retail space with high visibility and ample parking.
      625 Devon Ave, Park Ridge, IL
      View Details
    • $25 SF/Yr
      1,578 SF

      Park Ridge Office Space Available

      Office space for rent in Park Ridge, Illinois.
      250 S Northwest Hwy, Park Ridge, IL
      View Details
    • Contact for pricing
      3,600 SF

      Former Restaurant Space with Patio

      3,600 SF restaurant space with dedicated patio in Park Ridge.
      123 North Northwest Highway, Park Ridge, IL, 60068
      View Details
    • $27 SF/Yr

      Office Space Available For Rent

      Office space available for rent at 300 South Northwest Highway.
      300 South Northwest Highway, Park Ridge, IL, 60068
      View Details
    • Contact for pricing
      1,814 SF

      Retail Space in Park Ridge

      Retail space anchored by Trader Joe's in Park Ridge.
      510 W Touhy Ave, Park Ridge, IL
      View Details
    • Contact for pricing
      2,475 SF

      Park Ridge Retail Space Available

      Retail space with excellent visibility and ample parking.
      648-652 N NW Hwy, Park Ridge, IL
      View Details
    • Contact for pricing

      Renovated Office Space Near Transit

      Move-in ready office with convenient access to transportation and amenities.
      1030 W Higgins Road, Park Ridge, IL 60068
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with convenient amenities and accessibility.
    Where is this office units located?
    The property is located at 350 South Northwest Highway Park Ridge, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Great Chicago CBD and O’Hare accessibility; Walking distance from Metra and numerous restaurants; Underground parking available
    (847) 706-4032
    We can help!
    Listing Contact
    Dan Graham
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    350 South Northwest Highway, Park Ridge, IL, 60068
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!