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35 S Prospect Ave

5,463 SF 67% Leased Retail Building Park Ridge, IL 60068 $1,500,000 ($275/SF)

Investment Highlights

  • Located in the Heart of Uptown Park Ridge on the Most Vibrant Strip
  • Steps From the Metra
  • First Time Available for Purchase in Over 100 Years
  • Solid and Consistent Income Stream with Additional Opportunity on 2nd Floor Unit

Executive Summary

This exceptional multi-use building, located at 35 S Prospect Ave in the heart of Uptown Park Ridge, is available for purchase for the first time in over a century. Offering unmatched access to Park Ridge’s most vibrant stretch of dining, shopping, and businesses—and just steps from the iconic Pickwick Theatre and the Metra station—this property boasts a truly prime location. The building encompasses three units with a combined total of 5,463 square feet, including two leased ground-floor units. The available second-floor unit, measuring 1,475 square feet, presents an exciting opportunity for conversion to a luxury condo or to lease to one of the many businesses seeking a foothold in this highly desirable area. With 33 feet of road frontage on Prospect Ave, a depth of 194 feet, and an estimated lot size of 4,800 square feet, this property provides both historic charm and flexibility for a visionary investor. Don’t miss this rare opportunity to acquire a piece of Park Ridge’s legacy—lovingly owned by the same family for over 100 years.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,463 SF
Building Class
C
Year Built
1908
Price
$1,500,000
Price Per SF
$275
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Land Acres
0.11 AC
Zoning
B4; Uptown Business - Intended to sustain the current commercial, pedestrian-oriented character and economic viability of the central business district.
Frontage
33 FT on S Prospect Ave

Amenities

  • Signage
  • Air Conditioning
Walk Score ®
Walker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

The Original Pancake House
Starbucks
StretchLab
Five Guys
Chase Bank
Orangetheory Fitness
Club Pilates
Pure Barre
Jazzercise
Whole Foods Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-35-206-009-0000
Land Assessment
$29,664
Improvements Assessment
$143,001
Total Assessment
$172,665
  • Listing ID: 33888592

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 35 S Prospect Ave, Park Ridge, IL 60068

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