901 Rdg Rd, Wilmette, IL 60091-1559
This exceptional 5,600-square-foot mixed-use building at 901 Ridge Road, Wilmette, IL, presents a rare investment opportunity. Situated on a 6,600-square-foot lot with NR zoning, this two-story building boasts a classic faГ§ade and high ceilings. The property enjoys unparalleled visibility and high traffic counts, with 17,500 vehicles daily on Lake Avenue and 6,700 on Ridge Road. The ground floor features two retail storefronts: a vacant 1,600+ square-foot medical clinic (suitable for various retail or professional uses) and a long-term tenant hair salon/barbershop. The second floor comprises a two-bedroom, one-bathroom apartment and two fully rented offices. An additional three-bedroom, one-bathroom apartment with a den is located in the attic. The building generates $5,010 in monthly rental income (excluding the vacant clinic). Amenities include five electric meters, an eight-space rear parking lot, a recently replaced roof, and a basement for storage. Conveniently located near the Wilmette Metra train, Pace bus stops, and the Edens Expressway. The property includes 903 Ridge Road but excludes 905 Ridge Road. Serious offers will be considered.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.