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    1420 Renaissance Dr Park Ridge, IL 60068

    Sponsored
    For Lease
    $11 SF/Yr

    Prime Park Ridge Office Space, 9 Suites Available

    Lot size:
    54,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B office building, located at 1420 Renaissance Drive in Park Ridge, Illinois (zip code 60068), offers 54,687 square feet of versatile executive office space. The building boasts a multiple tenancy structure with nine currently available suites ranging in size from 247 to 2,425 square feet. Situated in Cook County, this property provides convenient access to public transportation and features ample indoor heated parking. The building is fully handicap accessible and includes operable windows, creating a comfortable and functional work environment. The property enjoys a desirable campus-like setting, enhanced by ongoing common area finish upgrades, presenting a value-driven opportunity for businesses seeking high-quality office space in a prime location. The address is easily accessible and well-suited for a variety of professional uses. This is a rare opportunity to secure office space in a well-maintained building with attractive amenities in the thriving Park Ridge market. The building's location and features combine to create a highly desirable and productive work environment. Contact us today to learn more about the available suites and schedule a viewing.

    Property Features for 1420 Renaissance Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,687 SF
    Class
    B
    Total Rate
    50129.75

    Unit(s) available at that property

    Space
    209
    Size
    1,713 SF
    Rate per SF
    $11
    Space
    403
    Size
    640 SF
    Rate per SF
    $13
    Space
    310
    Size
    731 SF
    Rate per SF
    $12
    Space
    206
    Size
    1,124 SF
    Rate per SF
    $12
    Space
    402
    Size
    609 SF
    Rate per SF
    $13
    Space
    302
    Size
    247 SF
    Rate per SF
    $14
    Space
    315
    Size
    2,425 SF
    Rate per SF
    $11
    Space
    309
    Size
    1,675 SF
    Rate per SF
    $11
    Space
    305
    Size
    538 SF
    Rate per SF
    $13

    HighLights

    • Class B office building totaling 54,687 square feet at 1420 Renaissance Drive, Park Ridge, IL 60068.
    • Nine suites available, ranging from 247 to 2,425 square feet.
    • Ample indoor heated parking and convenient public transportation access.
    • Fully handicap accessible with operable windows.
    • Desirable campus‑like setting with ongoing common area upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ruwanpura Gems Jewelry Store Managed Technologies Computer Consultant Dr. Leon Wleklinski Chiropractor Rice Insurance Agency, ... Insurance Agency AXPulse Consulting Software Company

    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
    -87.864281
    Latitude
    42.0323294

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Park Ridge Office Space, 9 Suites Available
    Where is this office property / space located?
    The property is located at 1420 Renaissance Dr Park Ridge, IL.
    What is the lease rate?
    The lease rate is $11-$14 SF/Yr.
    What are key features of this property?
    This property features: Class B office building totaling 54,687 square feet at 1420 Renaissance Drive, Park Ridge, IL 60068.; Nine suites available, ranging from 247 to 2,425 square feet.; Ample indoor heated parking and convenient public transportation access.
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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
    1420 Renaissance Dr Park Ridge, IL 60068
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