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1410 Higgins Rd - 1410 Higgins Road Park Ridge 0.63 Acres of Commercial Land Offered at $1,150,000 in Park Ridge, IL 60068

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INVESTMENT HIGHLIGHTS

  • O'Hare Area Market/Rosemont Convention Center and Entertainment District
  • Located at the I-90/Cumberland Avenue Interchange

EXECUTIVE SUMMARY

Exceptional opportunity in the O’Hare/Rosemont/Park Ridge market at the I-90/Cumberland Avenue Tollway interchange. Renovate and re-purpose the existing buildings or redevelop the entire parcel. The area is a highly developed area and features Class A office buildings, hotels, restaurants, retail, and multi-family properties. Immediate access to I-90, I-294, and minutes from O’Hare International Airport. The property is situated 10 minutes from the Rosemont Convention Center/Entertainment District/Fashion Outlet Mall and a 5 minute walk from the CTA Cumberland Avenue Blue Line L and Bus Station which has direct service that ranges from Downtown Chicago to O’Hare International Airport. The property is located on Higgins Road (IL Route 72) and directly across the street from the Chicago O’Hare Marriott Hotel and Convention Center. It is immediately adjacent to a site recently approved by the City of Park Ridge for a new hotel development allowing 108 rooms with 110 car parking. The property currently contains two 1960’s era 2 story walk-up office buildings containing approximately 22,000 square feet on a combined site of approximately 27,300 square feet. Tenants are on month-to-month leases.
Ideal for any type of retail, office, commercial, medical services, senior housing or possible multi-family development.

PROPERTY FACTS

Price $1,150,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.63 AC
No. Stories 2
Zoning B-2 - Commercial zoning permits numerous commercial uses. Village of Park Ridge will consider a variety of high density uses on the site.

1 LOT AVAILABLE

Lot

Price $1,150,000
Price Per AC $1,833,601.46
Lot Size 0.63 AC

27,320 sq. ft. site currently improved with 2 small office buildings. High visibility property located on busy Higgins Rd (IL Route 72) across from the Chicago O'Hare Marriott Hotel and adjacent to a site recently approved for a new 108 room hotel.

DESCRIPTION

Exceptional opportunity in the O’Hare/Rosemont/Park Ridge market at the I-90/Cumberland Avenue Tollway interchange. Renovate and re-purpose the existing buildings or redevelop the entire parcel. The area is a highly developed area and features Class A office buildings, hotels, restaurants, retail, and multi-family properties. Immediate access to I-90, I-294, and minutes from O’Hare International Airport. The property is situated 10 minutes from the Rosemont Convention Center/Entertainment District/Fashion Outlet Mall and a 5 minute walk from the CTA Cumberland Avenue Blue Line L and Bus Station which has direct service that ranges from Downtown Chicago to O’Hare International Airport. The site is located on Higgins Road (IL Route 72) and is immediately adjacent to the recently approved Tru by Hilton Hotel development which will feature 112 rooms with 110 car parking and is across the street from the Chicago O’Hare Marriott Hotel and Convention Center. Currently, the property features two 1960’s era 2 story walk-up office buildings containing approximately 22,000 square feet on a combined site of approximately 27,300 square feet. Ideal for any type of retail, office, commercial, medical services, senior housing or possible multi-family development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-02-300-110-0000
Land Assessment
$56,429
Improvements Assessment
$81,573
Total Assessment
$138,002
  • Listing ID: 32907406

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 1410 Higgins Rd, Park Ridge, IL 60068

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