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    1410 Higgins Rd Park Ridge, IL 60068

    Sponsored
    For Sale
    $1,150,000

    Prime O'Hare Area Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 27,300 sq ft commercial land parcel presents a unique development opportunity in the highly sought-after O'Hare/Rosemont/Park Ridge market. Located at the I-90/Cumberland Avenue Tollway interchange, this B-2 zoned property boasts immediate access to major transportation arteries, including I-90 and I-294, and is minutes from O'Hare International Airport. A short 5-minute walk to the CTA Cumberland Avenue Blue Line L and Bus Station provides convenient access to downtown Chicago and O'Hare. The site's strategic location is further enhanced by its proximity to the Rosemont Convention Center, Entertainment District, Fashion Outlet Mall, and numerous Class A office buildings, hotels, restaurants, and multi-family properties. Currently featuring two 1960s-era office buildings totaling approximately 22,000 square feet, this site is ideal for a wide range of developments, including retail, office, medical services, senior housing, or multi-family projects. The property is adjacent to a recently approved Tru by Hilton Hotel development and across the street from the Chicago O'Hare Marriott Hotel and Convention Center, solidifying its position in a thriving commercial hub. This $1,150,000 offering represents a compelling investment in a dynamic and rapidly growing area. The address is 1410 W Higgins Rd, Park Ridge, IL 60068.

    Property Features for 1410 Higgins Rd

    General Information

    Property type
    Land

    HighLights

    • $1,150,000 asking price for 27,300 sq ft land parcel.
    • B‑2 zoning.
    • Prime O'Hare area development site at I‑90/Cumberland Interchange.
    • Excellent access to I‑90, I‑294, and O'Hare International Airport.
    • Near Rosemont Convention Center, CTA Blue Line, and numerous amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    GRU Financial Corporation Mortgage Broker Gregory Law Offices, ... Law Firm Law Offices of Alexander ... Estate Planning Attorney INSTANT STREAM LLC Investment Service Instant Stream - Construction ... Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.843386223127
    Latitude
    41.987310852867

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    FAQs

    What type of property is this?
    Land - Prime O'Hare Area Commercial Land
    Where is this land located?
    The property is located at 1410 Higgins Rd Park Ridge, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for 27,300 sq ft land parcel.; B-2 zoning.; Prime O'Hare area development site at I-90/Cumberland Interchange.
    Request Owner's contact information
    1410 Higgins 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
    1410 Higgins Rd Park Ridge, IL 60068
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