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    1600 Dempster St Park Ridge, IL 60068

    Sponsored
    For Lease
    $24 SF/Yr

    Modern medical offices near Advocate Lutheran.

    Lot size:
    23,138 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional medical office building, located at 1600 W Dempster, offers four available suites ranging from 460 to 963 square feet. Situated directly across the street from Advocate Lutheran General Hospital in Cook County, this property provides unparalleled convenience and visibility for medical professionals. The building boasts a high-end, modern lobby and ample on-site parking, ensuring a comfortable and professional experience for both patients and staff. Its strategic location offers immediate access to I-294 (Tri-State Tollway) via Route 14 (Dempster Street), enhancing accessibility for patients and employees. Public transportation is readily available via Pace Bus Route 209, connecting to the Des Plaines Metra Station and Harlem CTA Station. The building features professional on-site management and includes HVAC and janitorial services within the lease, minimizing operational concerns. This prime location benefits from a strong demographic profile, with a population exceeding 141,000 within a three-mile radius and a median household income of $73,414. The high volume of vehicular traffic (VPD over 20,000) ensures significant visibility and accessibility. The building totals 23,138 square feet and is configured for multiple tenancies. This is a rare opportunity to establish or expand a medical practice in a highly desirable and convenient location.

    Property Features for 1600 Dempster St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,138 SF
    Total Rate
    46276

    Unit(s) available at that property

    Space
    106
    Size
    820 SF
    Rate per SF
    $25
    Space
    205
    Size
    460 SF
    Rate per SF
    $24
    Space
    212
    Size
    638 SF
    Rate per SF
    $24
    Space
    202
    Size
    963 SF
    Rate per SF
    $24

    HighLights

    • 23,138 square foot medical office building in Cook County.
    • Four suites available, ranging from 460 to 963 square feet.
    • Across from Advocate Lutheran General Hospital, offering excellent visibility and access to a large patient base.
    • Convenient access to I‑294 (Tri‑State Tollway) via Route 14 (Dempster Street) and ample on‑site parking.
    • Features a modern lobby, on‑site management, and HVAC & janitorial services included in the lease.
    • Served by Pace Bus Route 209, providing convenient access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emelita Marquez-Wong, DDS Dentist Ismilecare Dentist Dr. Eunyoung Park, ... Dentist George J Futris ... Dentist Joseph Stanley DDS Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8443372
    Latitude
    42.0398381

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    FAQs

    What type of property is this?
    Medical office - Modern medical offices near Advocate Lutheran.
    Where is this medical office located?
    The property is located at 1600 Dempster St Park Ridge, IL.
    What is the lease rate?
    The lease rate is $24-$25 SF/Yr.
    What are key features of this property?
    This property features: 23,138 square foot medical office building in Cook County.; Four suites available, ranging from 460 to 963 square feet.; Across from Advocate Lutheran General Hospital, offering excellent visibility and access to a large patient base.
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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
    1600 Dempster St Park Ridge, IL 60068
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