776-784 Busse Hwy - Office/Residential FOR SALE


Park Ridge, IL 60068
$928,000 USD
776-784 Busse Hwy, Park Ridge, IL for Sale
$928,000 USD
Office/Residential - FOR SALE
1/10
null | Request Cap Rate

776-784 Busse Hwy
Park Ridge, IL 60068


HIGHLIGHTS

  • ideal owner/user building
  • overhead drive-in doors
  • 20 vehicle parking lot
  • walk to Des Plaines Metra train station
  • Two occupied and two vacant units

OVERVIEW

776–784 Busse Highway presents a rare opportunity to acquire a well-positioned mixed-use investment and owner/user property in the heart of Park Ridge. This attractive commercial building offers stable in-place income with two existing tenants while providing ideal space for an owner to occupy the other units or lease out benefiting from market rental income. The building offers flexibility for a variety of office, retail, medical, or professional service uses. Located along the highly traveled Busse Highway corridor, the property benefits from excellent visibility, strong surrounding demographics, convenient access to major thoroughfares, and close proximity to downtown Park Ridge amenities, restaurants, and public transportation. Private 20 vehicle parking lot with overhead doors to some units allowing vehicles to pull inside. Pace Bus #209 serves the property between the CTA Blue Line Harlem Station (O'Hare branch) in Chicago and downtown Des Plaines. The property is a two block from Village Green Shopping Center with Lou Malnati's Pizzeria, Don Juan's Cantina and Subway. The Dee Road Metra Train Station stop is a quick two block walk with service on the UP-Northwest line from Ogilvie Transportation Center in downtown Chicago to Harvard, IL. 365,422 people reside in the 5-mile radius with an average household income of $125,183 (and $145,798 in the 2-mile radius). Approximately 6,500 VPD on Busse Hwy.

FOR SALE DETAILS

PRICE

$928,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Park Ridge Commercial Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,967 SF

ZONING

B-3

APN/PARCEL ID

09-27-215-011-0000

ASK ABOUT THIS PROPERTY

Theron MayImperial Realty CompanyMore Info

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Theron MayImperial Realty CompanyMore Info

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