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    FOR LEASE
    Retail space

    1600 W Dempster St, Park Ridge, IL 60068

    0.92 ac lot Built 1964
    Individually Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US28-0031597
    Property summary
    AI-generated overview

    This exceptional medical office building, located at 1600 W Dempster, offers four available suites ranging from 460 to 963 square feet. Situated directly across the street from Advocate Lutheran General Hospital in Cook County, this property provides unparalleled convenience and visibility for medical professionals. The building boasts a high-end, modern lobby and ample on-site parking, ensuring a comfortable and professional experience for both patients and staff. Its strategic location offers immediate access to I-294 (Tri-State Tollway) via Route 14 (Dempster Street), enhancing accessibility for patients and employees. Public transportation is readily available via Pace Bus Route 209, connecting to the Des Plaines Metra Station and Harlem CTA Station. The building features professional on-site management and includes HVAC and janitorial services within the lease, minimizing operational concerns. This prime location benefits from a strong demographic profile, with a population exceeding 141,000 within a three-mile radius and a median household income of $73,414. The high volume of vehicular traffic (VPD over 20,000) ensures significant visibility and accessibility. The building totals 23,138 square feet and is configured for multiple tenancies. This is a rare opportunity to establish or expand a medical practice in a highly desirable and convenient location.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1964
    Lot 0.92 ac (40,080 SF)
    APN 09-15-403-041
    UPID US28-0031597
    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
    • Emelita Marquez-Wong, DDS Dental Office
    • Ismilecare Dental Office
    • Dr. Eunyoung Park, DDS Dental Office
    • George J Futris DDS Ltd Dental Office
    • Joseph Stanley DDS Dental 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
    1600 Medical Dental Profession · 22 yrs held
    1600 Medical Dental Profession
    since 2003
    6 recorded transactions
    2019
    2003
    $2.5M
    2003
    2002
    $1.8M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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