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Neighborhood Retail Strip Center
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514-516 Higgins Rd, Park Ridge, IL 60068

Small, single-story strip center with a pitched shingle roof and both off-street and street parking.

Property SizeContact for details
Days on Market121

Property Features for 514-516 Higgins Rd

General Information

Standard status Active
Property subtype Retail

Building Details

Stories 1
Listing Agency: Caton Commercial Real Estate Group
Listed By: Peter Cotsirilos · License #IL 471.008387
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 11:49PM

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 Caton Commercial Real Estate Group

Investment Insights

Based on property information with market context.

This small neighborhood retail strip center consists of a single-story building with a pitched shingle roof. The property provides paved off-street parking plus street parking for customer convenience. Tenants have been in place for many years and are well known to the local community.

Located on busy Higgins Road in Park Ridge, the center benefits from significant daytime population and dense local population, supporting day-to-day retail demand.

The asset is designed for neighborhood-scale retail use in an easily accessible strip configuration with parking options for both off-street and on-street visitors.

Key Highlights

  • Small neighborhood retail strip center located on busy Higgins Road in Park Ridge
  • Single‑story building with a pitched shingle roof
  • Includes paved off‑street parking plus street parking

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Auto Repair Shop Locksmith Cafe & Coffee Shop Catering Service

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

Location Intelligence

Trade Area within ½ mile

1,576
Businesses Nearby
74k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 81% Hotels & Casinos 19%
Mariano's Groceries
60,008 visits/mo 0.5 miles
Marriott Chicago O'Hare Hotels & Casinos
7,278 visits/mo 0.3 miles
Renaissance Chicago O'Hare Suites Hotel Hotels & Casinos
6,857 visits/mo 0.4 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
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Frequently Asked Questions

What type of property is this?
Strip mall - Small, single-story strip center with a pitched shingle roof and both off-street and street parking.
Where is this strip mall located?
The property is located at 514-516 Higgins Rd Park Ridge, IL.
What are key features of this property?
This property features: Small neighborhood retail strip center located on busy Higgins Road in Park Ridge; Single‑story building with a pitched shingle roof; Includes paved off‑street parking plus street parking
More about this property
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