35 S Prospect Ave
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 09-35-206-009-0000 | Improvements Assessment | $143,001 |
Land Assessment | $29,664 | Total Assessment | $172,665 |
PROPERTY TAXES
Parcel Number
09-35-206-009-0000
Land Assessment
$29,664
Improvements Assessment
$143,001
Total Assessment
$172,665
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35 S Prospect Ave
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