Listed by Millennium Properties R/E
$555,000
10,500 SF Park Ridge Office – Potential to Rehab & Add Value
Details
Property Type Office
Sub Type Traditional Office
Square Footage 10,500
Tenancy Multi
Stories 2
Lot Size (SqFt) 14,116
Zoning B-2, general commercial
Investment Type Value Add
100 W. Higgins Road, Park Ridge, IL 60068-5773
Marketing description
Close to Canfield and Higgins, this two story office building has great upside potential. The property can potentially be rehabbed or redeveloped for single or multi-tenant use. Currently, the property has several tenants leasing space month to- month. The roof has a long-term cell tower lease; however, that lease generates no income for the building. The property has visibility from the Kennedy and is a great opportunity for a user or developer looking for space in Park Ridge.
Park Ridge is a suburb on the northwest side of Chicago that has a great deal of small town charm. The office is just off of the intersection of Higgins and Canfield, near the Kennedy Expressway.
Investment highlights
- 10,500 SF multi-tenant office
- Full basement excluded from SF
- Potential to rehab or redevelop
- Close to Canfield and Higgins
- Visibility from Kennedy (I-90)
- Opportunity for single or multitenant use
- Several month-to-month tenants
- Long-term cell tower lease that generates no income for property
- Land Area: 14,116 SF
- Zoning: B-2, general commercial
- Taxes (2016): $51,902
Listing Contacts
Listed by Millennium Properties R/E
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