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Property profile & analytics
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
Price N/A
2003
$2.5M
2003
Price N/A
2002
$1.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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