1400 Renaissance Dr, Park Ridge, IL 60068
For Sale
1 / 3
This exceptional retail property, located at 1400 Renaissance Drive in Park Ridge, Illinois, presents a compelling investment opportunity. The 60,780-square-foot building sits on a 3.49-acre lot and boasts a prominent location with excellent visibility. Constructed in 1970, this four-story masonry building offers 92 parking spaces, including 17 convenient indoor spaces with direct building access. The property features two elevators and fire hose stations on each floor. Heating and cooling are provided by two rooftop units, supplemented by individual room units. Unique to the area, many suites include sliding glass doors leading to outdoor balconies. The building enjoys convenient access to major transportation arteries, including Interstate 294, and is a short drive from O'Hare International Airport and a Metra commuter rail station providing easy access to downtown Chicago and surrounding suburbs. Nearby amenities include Advocate Lutheran General Hospital, Benjamin Franklin Elementary School, Maine East High School, and the Golf Mill Shopping Center. The property's APN is 09-22-110-007-0000. The asking price is $3,000,000, translating to $49.36 per square foot. This presents a rare opportunity to acquire a well-located, substantial retail property in a thriving area.
-
The Finney Company Marketing & Advertising
-
Chicago Section American Chemical Society Charitable Organization Social Service Agency
-
Maine Township Center For Addctn Social Service Agency Medical Clinic
-
John Pierce Consulting Actuary Business Management Consultant
-
VG Supply Company, Inc. Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.