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    820 Talcott Rd Park Ridge, IL 60068

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    For Sale
    $1,400,000

    22,750 sq ft lot in bustling downtown Park Ridge.

    Lot size:
    0.52 Acres

    Property Features for 820 Talcott Rd

    General Information

    Standard status
    Active
    Lot size
    0.52 Acres
    Source: Corcoran

    Listing Agent: Mary Shanley Aloisio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Lot in Downtown Park Ridge

    This property features a 22,750 sq ft lot located in the bustling downtown area of Park Ridge, Illinois. Situated approximately 1 mile north of the 90/294 interchange and about 10 minutes from O'Hare airport, the location offers convenient access. The property is zoned B1, which allows for the construction of office space or commercial/retail spaces. Mixed-use development is also a possibility, subject to special use approval from the Village. Drawings and renderings are available to provide potential development ideas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nelson Funeral Home Funeral Home John G. Adinamis ... Funeral Director

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8356591
    Latitude
    41.9985554

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    FAQs

    What type of property is this?
    Commercial land - 22,750 sq ft lot in bustling downtown Park Ridge.
    Where is this commercial land located?
    The property is located at 820 Talcott Rd Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Large 22,750 sq ft lot in downtown Park Ridge; - Zoned B1 for office, commercial/retail, or mixed-use development (with Village approval); - Prime location in a bustling downtown area
    (847) 692-5522
    Request Owner's contact information
    820 Talcott Rd Park Ridge, IL 60068
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    Realmo Value Estimation

    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.

    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.

    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
    820 Talcott Rd Park Ridge, IL 60068
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