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    FOR SALE
    Office buildings

    1400 Renaissance Dr, Park Ridge, IL 60068

    3.37 ac lot Built 1976
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US28-1468104
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1976
    Lot 3.37 ac (146,797 SF)
    APN 09-22-110-007
    UPID US28-1468104
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.04M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.80M
    Owner & transaction history
    1400 Park Ridge Jgf Holdings LLC · 5 yrs held
    1400 Park Ridge Jgf Holdings LLC
    since 2021
    Last sale
    $3.6M
    2 recorded transactions
    2021
    $3.6M
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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