PRIME COMMERCIAL CORNER ON MAJOR THOROUGHFARE - 29,000 vehicles per day! Introducing a prime investment opportunity in the heart of the upscale & thriving town of Park Ridge. This 1,350 SF building, built in 1963, is situated on .29 acres with 125 feet of frontage on Touhy Ave, a major thoroughfare bisecting the center of town with unmatched exposure and high visibility. Boasting a high-traffic location near the vibrant core of the central business district perfectly capturing the massive flow of 29,000 VPD and B-1 zoning for flexible use for medical/professional offices, bank/retail storefronts, quick serve restaurants, etc. This property presents an ideal prospect for retail or street retail investors. With three established curb cuts for seamless traffic flow, premier corner location, dual-street ingress/egress and an adjacent alley, the potential for redevelopment or utilization as an existing & long established auto care facility is evident, making it a lucrative proposition for those looking to capitalize on the dynamic Chicago market. The property will be vacant at closing. No lease or tenant to deal with. Documented environmental peace of mind! Current automotive repair business may be available for purchase but would be separate and not included with property.
| MLS # | 12686610 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 76 |
| Listing Provided By | Coldwell Banker Realty | John Forsythe |
| SQ Feet | 1,350 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | COMMR |
| Acreage | 0.29 |
| Cooling | None |
|---|
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Stone, Other |
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available |
|---|---|
| Electric | Circuit Breakers, Service - 101 to 200 Amps |
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 20709.56 |
| State | IL |
|---|---|
| County | Cook |
| City | Park Ridge |
| Zip Code | 60068 |
| Area | Park Ridge |
| Listing VS Median (in 60068) | |
Price: $1,475,000 low | high Med: $624,950 sqft: 1,350 low | high Med: 1,747 $ / sqft: $1,093 low | high Med: $376 On site: 76 low | high Med: 8.5 | |
| State | IL |
|---|---|
| County | Cook |
| City | Park Ridge |
| Zip Code | 60068 |
| Area | Park Ridge |
| Listing VS Median (in 60068) | |
Price: $1,475,000 low | high Med: $624,950 sqft: 1,350 low | high Med: 1,747 $ / sqft: $1,093 low | high Med: $376 On site: 76 low | high Med: 8.5 | |