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Seven-Story Multi-Tenant Office Building
For Sale
Contact for pricing
Pending

401 N Western Ave, Park Ridge, IL 60068

Multi-tenant office property arranged across seven levels on a substantial land parcel.

Property Size229,235 SF
Lot Size1.82 Acres
Days on Market142

Property Features for 401 N Western Ave

General Information

Standard status Pending
Size 229,235 SF
Lot size 1.82 Acres
Property subtype Industrial

Building Details

Buildings 1
Stories 7
Building Size 229,235 SF
Tenancy Multi
Listing Agency: Colliers - Rosemont, Illinois
Listed By: Jeffrey Heymann · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:35PM

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 Colliers - Rosemont, Illinois

Investment Insights

Based on property information with market context.

This office building rises seven stories and contains 229,235 square feet of multi-tenant space. The property occupies a 1.82-acre primary landsite, providing a substantial setting for the building and its commercial operations.

Located at 401 N Western Ave in Park Ridge, IL 60068, the property is offered for sale as an office asset with a multi-tenant configuration.

Key Highlights

  • 229,235‑square‑foot office building
  • Seven‑story, multi‑tenant configuration
  • Situated on a 1.82‑acre primary landsite

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Daycare Center Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Food Market

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,223
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office property arranged across seven levels on a substantial land parcel.
Where is this office building located?
The property is located at 401 N Western Ave Park Ridge, IL.
What are key features of this property?
This property features: 229,235‑square‑foot office building; Seven‑story, multi‑tenant configuration; Situated on a 1.82‑acre primary landsite
More about this property
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