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1820 Ridge Rd 49,098 SF 100% Leased Office Building Homewood, IL 60430 $3,400,000 ($69.25/SF)
Investment Highlights
- Constructed of brick, block, and steel, with original construction in 1973 and a 1996 renovation.
- Fully sprinklered building with gas forced-air heating.
- Situated on a 1.18-acre lot with ample on-site parking.
- Located in Downtown Homewood with close proximity to restaurants, shops, and major amenities.
Executive Summary
1820 Ridge Road is a 49,098 SF multi-tenant office building located in the downtown Homewood, Illinois submarket. The three-story brick, block, and steel building sits on a 1.18-acre site and benefits from strong visibility and walkability to surrounding restaurants, shops, and local amenities. The property is professionally managed, fully sprinklered, and offers convenient access to Metra Electric and Amtrak stations, as well as I-80 and I-294. Zoned B-2, the asset is well suited for an owner-occupant or investor seeking a well-located office building in a vibrant suburban downtown. The property is offered for $3,400,000, with owner financing available, and a rent roll available by request.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
49,098 SF
Building Class
C
Year Built/Renovated
1973/1996
Price
$3,400,000
Price Per SF
$69.25
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,475 SF
Slab To Slab
10’
Building FAR
0.96
Lot Size
1.18 AC
Zoning
B2
Parking
84 Spaces (1.78 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 29-31-401-040-0000 | Improvements Assessment | $139 |
| Land Assessment | $5,625 | Total Assessment | $5,764 |
Property Taxes
Parcel Number
29-31-401-040-0000
Land Assessment
$5,625
Improvements Assessment
$139
Total Assessment
$5,764
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1820 Ridge Rd
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