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Income-Generating Professional Asset 1820 Ridge Rd 49,098 SF 66% Leased Office Building Online Auction Sale Homewood, IL 60430
Matterport 3D Tours
Investment Highlights
- 1820 Ridge Road, known as the Golden Eagle Office Center, is a freestanding, three-story, multi-tenant office on a 1.18-acre parcel with parking.
- Property presents an excellent opportunity for an investor or owner/user to acquire a professional office building with in-place income.
- Chicago Midway International Airport and the Chicago O’Hare International Airport are within an hour’s drive, supporting business travel.
- Located in the heart of Homewood’s vibrant downtown district with tenants in proximity to restaurants, shops, and major amenities.
- Approximately 25 miles south of the Chicago Loop, close to Interstates 80, 94, 294, 394, and 57, and multiple golf courses are nearby.
- Various industries occupy the office, including administration, real estate, health care/social assistance, scientific, and technical services.
Executive Summary
As the exclusive listing advisor, Entre Commercial Realty proudly presents the investment or business-user opportunity to acquire the nearly 70% occupied office building, the Golden Eagle Office Center, at 1820 Ridge Road in Homewood, Illinois.
The office building spans 49,098 square feet and offers a multi-tenant configuration among the three window-lined stories. The property is professionally managed, fully sprinklered, and offers convenient interstate access and regional connectivity. The Golden Eagle Office Center features include covered parking, handicap accessibility, and available storage.
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. Just minutes from the Metra Commuter Rail, Amtrak, and Illinois Central Rail (adjacent to downtown), it is convenient for employees and clients. Purdue University Calumet, 11 miles east of the office building, is a public university that averages 8,600 to 9,000 students each year. Popular fields of study include health professions, engineering, and business/accounting, creating a steady workforce of highly educated individuals seeking office employment.
According to CoStar data, over 25% of the 10-mile demographic has attained a bachelor’s degree or higher. This educational profile supports employment growth in professional services, finance, healthcare, technology, and research-driven industries. The average household income exceeds $93,100, and the population is expected to increase by 0.3% by 2030, following a 0.8% increase from 2020 to 2025. These factors support sustained demand for employment-oriented real estate, including office, medical office, and research facilities.
Property tours are by appointment only. Please contact the listing broker to schedule.
The office building spans 49,098 square feet and offers a multi-tenant configuration among the three window-lined stories. The property is professionally managed, fully sprinklered, and offers convenient interstate access and regional connectivity. The Golden Eagle Office Center features include covered parking, handicap accessibility, and available storage.
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. Just minutes from the Metra Commuter Rail, Amtrak, and Illinois Central Rail (adjacent to downtown), it is convenient for employees and clients. Purdue University Calumet, 11 miles east of the office building, is a public university that averages 8,600 to 9,000 students each year. Popular fields of study include health professions, engineering, and business/accounting, creating a steady workforce of highly educated individuals seeking office employment.
According to CoStar data, over 25% of the 10-mile demographic has attained a bachelor’s degree or higher. This educational profile supports employment growth in professional services, finance, healthcare, technology, and research-driven industries. The average household income exceeds $93,100, and the population is expected to increase by 0.3% by 2030, following a 0.8% increase from 2020 to 2025. These factors support sustained demand for employment-oriented real estate, including office, medical office, and research facilities.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
49,098 SF
Building Class
C
Year Built/Renovated
1973/1996
Percent Leased
66%
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
Parcel Number
29-31-401-040-0000
Zoning
B2 - Business
Parking
84 Spaces (1.78 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
10,776
80,983
209,492
2020 Population
10,704
77,312
192,919
2030 Population
10,825
82,062
213,909
2025-2030 Projected Population Growth
0.4%
1.3%
2.1%
Daytime Employees
4,113
28,940
68,630
Total Businesses
730
3,745
8,341
Average Household Income
$108,540
$100,512
$91,902
Median Household Income
$92,282
$75,059
$70,510
Total Consumer Spending
$132.1M
$869.9M
$2.1B
Median Age
42.6
41.0
40.3
2025 Households
4,220
29,043
73,636
Percent College Degree or Above
25%
18%
15%
Average Home Value
$229,636
$224,523
$208,690
Sale Advisors
Sale Advisors
Chris Wilbur, Broker
Chris brings with him four years of sales experience and two years as an office tenant broker in Chicago.
As an associate member at Entre, Chris focuses on business development for the team of Jeff Locascio. Chris’ services include tenant representation, and sales and leasing of industrial properties in South Chicago and the surrounding suburbs.
Prior to Entre, Chris spent two years with Advocate Commercial Real Estate Advisors in Chicago, where he specialized in business development throughout the west loop, and office leasing for law firms and financial institutions. His background in marketing, sales, and real estate provides his clients with a competitive edge.
Chris received his BS in Marketing from Saint Xavier University and is a licensed real estate broker in the state of Illinois
As an associate member at Entre, Chris focuses on business development for the team of Jeff Locascio. Chris’ services include tenant representation, and sales and leasing of industrial properties in South Chicago and the surrounding suburbs.
Prior to Entre, Chris spent two years with Advocate Commercial Real Estate Advisors in Chicago, where he specialized in business development throughout the west loop, and office leasing for law firms and financial institutions. His background in marketing, sales, and real estate provides his clients with a competitive edge.
Chris received his BS in Marketing from Saint Xavier University and is a licensed real estate broker in the state of Illinois
Jeffrey Locascio, SIOR
Jeffrey Locascio, SIOR
Highly experienced industry veteran. Industrial brokerage, business incentives, development, acquisitions, lease negotiations, and relocations.
Before his current role, Jeffrey was a principal at Newmark/ Epic Realty Partners/Transwestern as a principal and market leader.
Jeffrey holds a Bachelor of Science in Institutional Management from the University of Illinois at Urbana-Champaign and is a licensed real estate broker in both Illinois and Indiana.
Highly experienced industry veteran. Industrial brokerage, business incentives, development, acquisitions, lease negotiations, and relocations.
Before his current role, Jeffrey was a principal at Newmark/ Epic Realty Partners/Transwestern as a principal and market leader.
Jeffrey holds a Bachelor of Science in Institutional Management from the University of Illinois at Urbana-Champaign and is a licensed real estate broker in both Illinois and Indiana.
About the Auction Technology
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Auction Contact
Taylor Cunningham
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1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Income-Generating Professional Asset | 1820 Ridge Rd
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