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    OFF-MARKET
    Office buildings

    1480 Renaissance Dr, Park Ridge, IL 60068-1332

    3.08 ac lot Built 1976
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US28-2330509
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Core One Mortgage Corporation Loan Service Bank
    • Advocate Children's Medical Group Pediatric Nephrology Pediatrician
    • UMC Deal Church
    • CBI Partners Business Management Consultant
    • Ponticelli & Vito Law Firm
    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
    Klairmont Ents INC · 10 yrs held
    Klairmont Ents INC
    since 2015
    7 recorded transactions
    2015
    $6.8M
    2010
    2008
    1999
    $5.2M
    1999
    $5.3M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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