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116 S Prospect Avenue Park Ridge, IL $ 1,299,000
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$ 1,299,000 Get more info
116 S Prospect Avenue
$ 1,299,000
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Share Save

116 S Prospect Avenue

Park Ridge, IL, 60068
$ 1,299,000
Baths0.0 Sq 8,330

Monthly Estimate*

$ 8,634

116 S Prospect Avenue, Park Ridge, IL 60068 - Image 1
116 S Prospect Avenue, Park Ridge, IL 60068 - Image 2
116 S Prospect Avenue, Park Ridge, IL 60068 - Image 3
116 S Prospect Avenue, Park Ridge, IL 60068 - Image 4
116 S Prospect Avenue, Park Ridge, IL 60068 - Image 5
Studio

Commercial Property for sale in Park Ridge, IL

for $1,299,000. This 8,330 square foot building was built in 1938 on a lot size of 0.160698.

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.

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Commercial Active

Price

$ 1,299,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 35,922

Style

Commercial

Lot Size

0.160698

Year Built

1938

Town/City

Park Ridge

County/Region

Cook

MLS | Web ID

12032146
Features
General
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
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
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
NumberOfUnitsTotal 3
MLS Area Park Ridge
Lot Size Square Feet 7000
Street Name Prospect
Tax Annual Amount 35922
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 7
Lease Type Net
Standard Status Active
Total Actual Rent 5600
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 8330
Lot Dimensions .26
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Troy Realty Ltd

Broker

alex@troyrealtyltd.com

Email

Affordability Calculator

$11,627
Per Month
74%
26%
0%
Monthly Principal & Interest
$8,634
Monthly Property Taxes
$2,994
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/17/2024$1,299,000 Listed Price

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116 S Prospect Avenue, Park Ridge, IL, 60068 is a Commercial Property for sale at $1,299,000 with 8,330 sqft and a lot size of 0.160698. 116 S Prospect Avenue is a studio with 0.0 baths and was built in 1938. The property's zip code is 60068 which is in Park Ridge, IL

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