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116 S Prospect Avenue

Park Ridge, IL 60068
  • $2,000,050
  • STATUS: Active
  • ON SITE: 296 Days
  • MLS #: 12032146
UPDATED: 48 min ago
$2,000,050
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1938
County:
Area:

School Ratings & Info

Description

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. Please contact for any information on rental income and spaces available.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-12T23:59:33.05 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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116 S Prospect Avenue Park Ridge, IL 60068

  • Price: $2,000,050
  • Status: Active
  • On Site: 296 Days
  • Updated: 48 min ago
  • MLS #: 12032146
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1938
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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. Please contact for any information on rental income and spaces available.
Exterior Features

Docks None Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 1-5 Spaces Roof Rubber Roof Structure Flat Water Drainage Other

Interior Features

Cooling Central Individual Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 8330 Built Before1978 YN Yes Current Use Commercial Electric Separate Meters Fire Protection Other Geographic Locale Northwest Suburban Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Mls Actual Status Active Number Of Tenants 1 Property Sub Type Apts/Stores Rental Price 29 Tax Annual Amount 35922 Tax Year 2022 Tenant Pays TaxesInsuranceRepairs Total Monthly Income 0 Type Mixed Use Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Troy Realty Ltd: 773-792-3000.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-12T23:59:33.05 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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