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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



INVESTMENT HIGHLIGHTS
- O'Hare Area Market/Rosemont Convention Center and Entertainment District
- Located at the I-90/Cumberland Avenue Interchange
EXECUTIVE SUMMARY
Ideal for any type of retail, office, commercial, medical services, senior housing or possible multi-family development.
PROPERTY FACTS
| Price | $1,150,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.63 AC |
| No. Lots | 1 | 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. | ||
| 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 | Lot Size | 0.63 AC |
| Price Per AC | $1,833,601.46 |
| 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
| Parcel Number | 12-02-300-110-0000 | Improvements Assessment | $81,573 |
| Land Assessment | $56,429 | Total Assessment | $138,002 |
PROPERTY TAXES
Presented by
Stefco Commercial Real Estate
1410 Higgins Rd - 1410 Higgins Road Park Ridge
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