Technical
Financial
Distress signals
Property profile

1480 Renaissance Dr Park Ridge, IL 60068

OFF-MARKET
Office buildings
Property ID
US28-2330509
3.08 ac lot Built 1976
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Park Ridge office center, the O'Hare Office Center, offers a diverse range of spaces, from 14 sq ft to 18,927 sq ft, perfect for businesses of all sizes. Located at 1480 Renaissance Dr, Park Ridge, IL 60068, this Class B building boasts a total of 54,687 square feet situated on 2.5 acres of land in Cook County. The property features multiple tenancies, catering to executive, traditional, medical, and creative office needs. Its convenient location offers easy access to I-294 (Tri-State Tollway), Route 14, Northwest Highway, and the Rand Road interchange, placing it just 1.3 miles west of Advocate Lutheran General Hospital. Public transportation is readily available via Pace Bus Route 209, connecting to Des Plaines Metra Station and the Harlem CTA Station. Building amenities include ample visitor surface parking, interior garage parking, private outdoor balconies, conference rooms, loading docks, an on-site restaurant, and on-site storage. Leases include HVAC and janitorial services. The property benefits from on-site management and enjoys an A+ rating on Niche.com, reflecting its desirable location and comprehensive amenities within the greater O'Hare market. This is an ideal opportunity for businesses seeking affordable rental rates in a well-maintained and conveniently located office park.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1976
Lot 3.08 ac (134,165 SF)
APN 09-22-110-005
UPID US28-2330509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Pediatrician
  • Church
  • Business Management Consultant
  • Law Firm

Location

1480 Renaissance Dr Park Ridge, IL 60068-1332
Park Ridge metro Census 805901 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2015
7 recorded transactions
2015
$6.8M
2010
Price N/A
2008
Price N/A
1999
$5.2M
1999
$5.3M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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