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$1,200,000
8,330
square ft

116 S Prospect Avenue
Park Ridge, Illinois 60068

Closed / MLS #12032146 / Commercial / Mixed Use / Park Ridge
Listing information updated 4/10/2025 at 9:43am
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.
Built:
1938
Cooling System:
Central Individual
Stories:
3
Roof:
Rubber
Current Use:
Commercial
Zoning:
COMMR
# of Offices:
1
Building Square Feet:
8,330
Tax Amount:
$35,922
Tax Year:
2022
Zip Code:
60068
City:
Park Ridge
County:
Cook

Listing Office: Troy Realty Ltd

Listing Office Phone: 773.792.3000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/10/2025 at 9:43am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 listings have been excluded from this website.

Park Ridge, IL

Although it borders Chicago’s northwest edge, Park Ridge is a decidedly suburban community. The picturesque suburb is known for its small-town charm, which is just one reason why many residents have lived here their entire lives. Park Ridge boasts a variety of unique shops, popular restaurants, an...

Metra

Metra
Union Pacific Northwest line at Park Ridge Metra
$640,189
Average Sale Price
50
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 116 S Prospect Avenue, Park Ridge, IL 60068
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116 S Prospect Avenue, Park Ridge, IL 60068 is a commercial / mixed use which sold for $1,200,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since April 17th, 2024 and was built in 1938. The nearest transit stops include Park Ridge Metra Metra Union Pacific Northwest line.

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