Uptown Park Ridge - Mixed Use Property

For Sale

116 S Prospect Ave, Park Ridge, IL 60068

This Park Ridge property for sale is located at 116 S Prospect Ave. The current listed sale price for Uptown Park Ridge - Mixed Use Property is $1,299,000. Uptown Park Ridge - Mixed Use Property is situated on a lot that is 0.16 acre in size.

Contacts

broker

Hubert Cioromski

Troy Companies

(773) 792-3000

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,330 SF
  • Units 3
  • Lot Size 0.16 Acre
  • Parking Spaces Avail. 4
  • Year Built 1938
  • Year Renovated 2019
  • Date Updated Apr 18, 2024
The property is located in the heart of "Uptown" Park Ridge. Uptown features boutique retail, dining, and other bustling businesses. The property is located on the west side of Prospect Ave, roughly one and a half blocks south of the Metra Station.Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased space.Located on the best street in uptown Park Ridge, situated across from Hodges Park and City Hall. Perfect for retail or office users. Currently a blank canvas on the 1st and 2nd floors. Building includes an elevator, 4 on-site parking spaces, a kitchen/break room in the lower level and 12' high ceilings on the 1st floor. This building has it all.

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Highlights

  • Rare "uptown" mixed use property available.
  • Recently signed lease for a portion of the ground floor (1,172 SF)
  • 2300 SF second floor apartment ready to be built out
  • +/- 2000 SF remaining on first floor to be rented

Attachments

Getting around

  • 94/100

    Walk Score ®

  • 46/100

    Transit Score ®

  • 61/100

    Bike Score ®

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Location

  • City Park Ridge, IL
  • Neighborhood Park Ridge
  • Zip Code 60068
  • Market Chicago

Points of Interest

  • Park Ridge

    0.08 miles

  • Edison Park

    0.84 miles

  • Dee Road

    1.64 miles

  • Cumberland

    1.75 miles

  • Norwood Park

    2.10 miles

  • Harlem

    2.20 miles

  • Rosemont CTA Station

    2.25 miles

  • Rosemont

    2.27 miles

  • O'Hare Transfer

    2.68 miles

  • O'Hare Multi-Modal Facility

    2.83 miles

  • Thorntons

    0.43 miles

  • Shell

    0.49 miles

  • BP

    0.52 miles

  • Shell

    0.76 miles

  • Marathon

    0.89 miles

  • Citgo

    1.17 miles

  • Shell

    1.23 miles

  • BP

    1.40 miles

  • BP

    1.50 miles

  • Mobil

    1.57 miles

  • Uptown Parking Garage

    0.17 miles

  • Resurrection Medical Center - Parking

    1.74 miles

  • Kiss and Ride

    1.81 miles

  • Cumberland Park & Ride

    1.82 miles

  • Rosemont Park & Ride

    2.19 miles

  • Harlem Park & Ride

    2.21 miles

  • Kiss and Ride

    2.23 miles

  • Free parking for Oriole Park

    2.31 miles

  • East Parking Garage

    2.39 miles

  • Congas Restaurant Parking

    2.50 miles

  • Sweet & Tart

    0.01 miles

  • Thalaiva's Indian Kitchen

    0.03 miles

  • Sushi Express

    0.10 miles

  • Subway

    0.10 miles

  • Einstein Bros. Bagels

    0.13 miles

  • Jason's Deli

    0.16 miles

  • Venus Szechuan & Mandarin

    0.19 miles

  • Eggsperience Cafe

    0.20 miles

  • Woodburning Oven

    0.20 miles

  • Affresco

    0.20 miles

  • Trader Joe's

    0.26 miles

  • Whole Foods Market

    0.37 miles

  • Jewel-Osco

    0.60 miles

  • Happy Foods

    0.76 miles

  • Jewel-Osco

    1.41 miles

  • Jerry's Fruit & Garden

    1.49 miles

  • Mariano's Fresh Market

    1.54 miles

  • H Mart

    1.82 miles

  • Jewel-Osco

    2.29 miles

  • Tony's Finer Foods

    2.35 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Hubert Cioromski

Troy Companies

(773) 792-3000