1024-34 Busse Highway
Park Ridge, IL, 60068 $ 1,099,000
Baths0.0 Sq 10,995 Monthly Estimate*
$ 7,677
Studio
for $1,099,000. This 10,995 square foot building was built in 1972 on a lot size of 0.335491.
Envision an unparalleled commercial real estate opportunity in one of the most coveted area of City of Park Ridge that stands as a beacon for investors and businesses alike. Located strategically, this striking property encapsulates the essence of convenience and opportunity. Just minutes away from major commuting arteries such as I-294, I-94, and the heartbeat of O'Hare Airport, along with the convenience of being steps away from the Dee Metra station, this destination promises unparalleled access, ensuring your business remains connected in every vital way. This remarkable investment unfolds across an expansive 10,995 square feet, encompassing six front stores that boast both office and warehouse spaces, offering versatility and efficiency. Each unit, ranging from 1,380 to 1,760 square feet, features its own overhead garage door, enhancing operational fluidity and autonomy. The property has been under the dedicated ownership and occupation of the current owner for 30 years (2 of the stores are being used by the curent owner). A complete roof tear-off undertaken in 2022 stands as a testament to the dedication invested in preserving the essence and integrity of this commercial gem. Furthermore, the premises are safeguarded by a vault, valued at $110k, ensuring unparalleled security and peace of mind. Tenants cherish the autonomy of managing their utilities, reflecting in simpler management dynamics and a harmonious leasing environment. The property's allure is magnified by its comprehensive leasing stature, boasting long-term tenants and showcasing a fully-leased and stabilized investment that is as rare as it is attractive. Parking, often a premium in commercial real estate, is abundant here, with 24 spaces meticulously divided between the front and the back, accommodating the comings and goings of clientele and staff with ease. Flexibility in commercial real estate is a coveted trait, and this property does not shy away from showcasing its adaptive prowess, supported by many upgrades that speak to a forward-thinking investment. Positioned as a jewel in the crown of commercial real estate, this extraordinary property is not only a beacon of opportunity but a bastion of future prosperity, promising long-term tenancies and a bucolic setting for businesses to flourish. The clarion call has been sounded for discerning investors and business connoisseurs to engage with this exclusive opportunity. With its unparalleled location, sterling attributes, and immaculate upkeep, this commercial sanctuary beckons. Make your mark, flex on this building before it vanishes into the portfolio of the fortunate visionary who seizes the moment. Each tenant pays for their own utilities: water, electric, gas and tenant's insurance. Rents can be higher for the area and amenities!
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FeaturesGeneralCooling Central Air
Roof Reflective Coating
Zoning COMMR
Construction Materials Brick
Year Built 1972
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Scavenger Varies by Tenant
Stories 1
Property SubType Other Strip Center
Tax Year 2022
Current Use Commercial
Gross Income 149760
County Cook
Net Operating Income 74251
Operating Expense 75509
Insurance Expense 2400
Property Type Commercial Sale Retail/Stores
Status Active
Directions On Busse just west of Dee and Oakton
City Park Ridge
Total Units 6
MLS Area Park Ridge
Lot Size Square Feet 14614
Street Name Busse
Tax Annual Amount 60709
Additional Parcels Y/N Y
Leasable Area 10995
Days on Market 7
Standard Status Active
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ExteriorBuilding Area Total 10995
Lot Dimensions 14614
Frontage Type City Street
Exterior Brick
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* Excluded FeaturesList Byonixrealty@gmail.com;onixrealty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,677
- Monthly Property Taxes
- $5,059
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Park Ridge, IL
Average List Price $1,038,000
Percent of Sale Price 6%
About Park Ridge, IL 37,771 Population
0% Since 2002
$ 98,158 Median Income
45.9 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/16/2024 | $1,099,000 | | Listed Price |