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Corner Office Suite in Art Deco Landmark
For Lease
$37 SF/Yr

5b-3 S Prospect Ave, Park Ridge, IL 60068

The second-floor suite includes elevator access and shared restrooms.

Space SizeContact for details
Days on Market11

Property Features for 5b-3 S Prospect Ave

General Information

Standard status Active
Elevators Yes

Space & Availability

Floor 2
Space Use Office

Amenities

shared office area
marble staircase

Building Details

Construction Art Deco
Listing Agency: Baird & Warner
Listed By: Peter Fotopoulos, PSA, SFR · License #471010854
Source: Exprealty
Added: Oct 22 Changed: Oct 30 Last Checked: Oct 30 at 2:05PM

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

Rey
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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, a historic Art Deco property at 5b-3 S Prospect Ave in Park Ridge. A broad marble staircase provides access to the office level, which also has an elevator and shared restrooms.

The suite has views of downtown Park Ridge. The tenant is responsible for electricity, cable, telephone, and internet service.

Key Highlights

  • Second‑floor corner office suite in the historic Art Deco Pickwick Theater Building
  • Broad marble staircase and elevator serve the office level
  • Shared restrooms

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Daycare Center Grocery & Convenience Store Garden Center Pharmacy Auto Parts 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

Market

Lease Benchmarks for Park Ridge, IL

$31 /SF/Yr
Avg Asking Price
$24–$37 /SF/Yr
Price Range
4,646 SF
Avg Space Size

This space is priced 19% above the average of $31 /SF/Yr.

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 suite includes elevator access and shared restrooms.
Where is this office unit located?
The property is located at 5b-3 S Prospect Ave 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: Second‑floor corner office suite in the historic Art Deco Pickwick Theater Building; Broad marble staircase and elevator serve the office level; Shared restrooms
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