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    FOR LEASE
    Office buildings

    1420 Renaissance Dr, Park Ridge, IL 60068

    3.1 ac lot Built 1981
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US28-0270295
    Property summary
    AI-generated overview

    This exceptional Class B office building, located at 1420 Renaissance Drive in Park Ridge, Illinois (zip code 60068), offers 54,687 square feet of versatile executive office space. The building boasts a multiple tenancy structure with nine currently available suites ranging in size from 247 to 2,425 square feet. Situated in Cook County, this property provides convenient access to public transportation and features ample indoor heated parking. The building is fully handicap accessible and includes operable windows, creating a comfortable and functional work environment. The property enjoys a desirable campus-like setting, enhanced by ongoing common area finish upgrades, presenting a value-driven opportunity for businesses seeking high-quality office space in a prime location. The address is easily accessible and well-suited for a variety of professional uses. This is a rare opportunity to secure office space in a well-maintained building with attractive amenities in the thriving Park Ridge market. The building's location and features combine to create a highly desirable and productive work environment. Contact us today to learn more about the available suites and schedule a viewing.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1981
    Lot 3.1 ac (135,036 SF)
    APN 09-22-110-006
    UPID US28-0270295
    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
    • Ruwanpura Gems (Bike/Boat/Book/etc) Store
    • Managed Technologies IT Consulting Firm (Bike/Boat/Book/etc) Store
    • Dr. Leon Wleklinski Alternative Medicine Practice
    • Rice Insurance Agency, LLC Insurance Agency
    • AXPulse Consulting (Bike/Boat/Book/etc) Store Corporate Office
    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
    1420 Renaissance Ltd · 10 yrs held
    1420 Renaissance Ltd
    since 2016
    7 recorded transactions
    2016
    $2.3M
    2015
    $2.5M
    2007
    2004
    2004
    2002
    $3.2M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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