1410 Higgins Rd Park Ridge, IL 60068
- Retail space
- 1,300 SF
- 0.30 lot acres
Current Use by Public Records
- GRU Financial Corporation / Mortgage Broker / Financial Consultant
- Gregory Law Offices, Ltd. / Law Firm
- Law Offices of Alexander S. Michalakos, P.C. / Estate Planning Attorney / Civil Law Attorney
- INSTANT STREAM LLC / Consultant / Investment Service
- Instant Stream - Construction Company / Remodeler / Siding Contractor
Property Details for 1410 Higgins Rd
- Year built
- 1965
- Lot size
- 0.30 lot acres
- Property size
- 1,300 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 12-02-300-110
- APU
- 1202300110
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $520,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $430,000
- Mixed-Use
- $425,000
- Hospitality
- $530,000
- Educational
- $535,000
- Residential Income
- $420,000
- Energy
- $530,000
- Income-Based Land
- $495,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Park Ridge
- County
- Cook
- State
- Illinois
- Longitude
- -87.8433
- Latitude
- 41.9877
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
