Address
116 S Prospect Avenue, Park Ridge, IL
Price
$ 1,299,000
Property Attributes
- MLS#12032146
- TypeCommercial
- CountyCOOK
- CityPark Ridge
- AreaPark Ridge
- Zip60068
- StyleCommercial
- Year Built1938
- Taxes$ 35922
- Price$ 1,299,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8330
- Lot Size7,000 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased space. Please contact for any information on rental income and spaces available.
| Price History | |
|---|---|
| 4/17/2024 | Listed $1,299,000 |
General Features
| Cooling | Central Individual |
|---|---|
| Roof | Rubber |
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1938 |
| Electric | Separate Meters |
| Tenant Pays | Taxes,Insurance,Repairs |
| Stories | 3 |
| Property SubType | Apts/Stores |
| Tax Year | 2022 |
| Current Use | Commercial |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Head south towards Uptown Park Ridge on Prospect Avenue. You'll find 116 S Prospect Ave right across from City Hall. |
| City | Park Ridge |
| Total Units | 3 |
| MLS Area | Park Ridge |
| Lot Size Square Feet | 7000 |
| Street Name | Prospect |
| Tax Annual Amount | 35922 |
| Additional Parcels Y/N | No |
| Days on Market | 7 |
| Lease Type | Net |
| Standard Status | Active |
| Property Type | Mixed Use |
| Total Actual Rent | 5600 |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 8330 |
| Lot Dimensions | .26 |
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60068
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 20, 2024 12:56 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 20, 2024 12:56 AM UTC
