This exceptional Park Ridge, IL office space at 222 S Prospect Ave, 3rd Floor, offers a diverse range of solutions for businesses of all sizes. Located in Cook County, this property provides multiple tenancy options within a vibrant and easily accessible location. The space caters to various needs, including traditional office setups, executive suites, coworking environments, medical offices, and creative office spaces. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, tailored to specific requirements. These options range from serviced offices to custom designs, even including disaster recovery spaces and day offices. A comprehensive benefits program, featuring exclusive discounts and procurement support, is also available to tenants. Beyond private offices, the location offers coworking spaces, providing a collaborative and social work environment with both dedicated desks and hot-desking options. A wide selection of meeting rooms is available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences, bookable by the hour or for extended periods. Virtual office solutions are also offered, providing prestigious business addresses, mail handling services, and professional virtual assistant support, including lounge access and occasional office use. Flexible working plans provide access to a global network of workspaces, allowing for seamless transitions between locations. This property is ideal for businesses seeking adaptable and versatile office solutions in a prime Park Ridge location.
Property Features for 222 Prospect Ave
General Information
Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
6,249 SF
Unit(s) available at that property
Space
Virtual Office
Size
54 SF
Rate per SF
$53
Space
Flexible coworking membership
Size
108 SF
Rate per SF
$13
Space
Flexible office membership
Size
108 SF
Rate per SF
$24
Space
Coworking space
Size
328 SF
Rate per SF
$8
Space
Private office for 1 person
Size
538 SF
Rate per SF
$5
Space
Private office for 2 people
Size
538 SF
Rate per SF
$17
Space
Private office for 3 people
Size
646 SF
Rate per SF
$21
Space
Private office for 4 people
Size
646 SF
Rate per SF
$30
Space
Open plan office space for + 10 people
Size
1,184 SF
Rate per SF
$24
Space
Open plan office space for + 15 people
Size
1,292 SF
Rate per SF
$41
Space
Private office for 5 people
Size
807 SF
Rate per SF
$31
HighLights
Private offices available, fully furnished and equipped, scalable from single‑person to large corporate spaces; options include serviced, custom, disaster recovery, and day offices, plus a tenant benefits program.
Coworking spaces offer dedicated desks and hot‑desking, fostering collaboration.
Meeting rooms are available in various sizes, suitable for diverse needs, bookable hourly or long‑term.
Virtual office solutions include prestigious addresses, mail handling, and virtual assistant support.
Flexible memberships provide access to a global network of workspaces.
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The property is located at 222 Prospect Ave Park Ridge, IL.
What is the lease rate?
The lease rate is $5-$53 SF/Yr.
What are key features of this property?
This property features: Private offices available, fully furnished and equipped, scalable from single-person to large corporate spaces; options include serviced, custom, disaster recovery, and day offices, plus a tenant benefits program.; Coworking spaces offer dedicated desks and hot-desking, fostering collaboration.; Meeting rooms are available in various sizes, suitable for diverse needs, bookable hourly or long-term.
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222 Prospect Ave Park Ridge, IL 60068
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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.
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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.
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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.
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222 Prospect Ave Park Ridge, IL 60068
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222 Prospect Ave, Park Ridge, IL
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Arizona Nevada Regus US
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