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    FOR SALE
    Retail space

    1410 W Higgins Rd, Park Ridge, IL 60068

    1,300 SF 0.3 ac lot Built 1965
    Trust Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-1869627
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1965
    Total area 1,300 SF
    Lot 0.3 ac (13,085 SF)
    APN 12-02-300-110
    UPID US28-1869627
    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
    • GRU Financial Corporation Loan Service Bank
    • Gregory Law Offices, Ltd. Law Firm
    • Law Offices of Alexander S. Michalakos, P.C. Law Firm
    • INSTANT STREAM LLC Financial Advisor
    • Instant Stream - Construction Company Construction Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Parkway Bank & Trust Co Ttee
    Parkway Bank & Trust Co Ttee
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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