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1400 Renaissance Dr
Park Ridge, IL 60068
Park Ridge Office Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Offers outstanding visibility and accessibility in Park Ridge, Illinois
- Property is near multiple shopping centers that include retailers such as: Jewel Osco, Home Depot, Hallmark and more!
- Highly-rated school districts, and a suburban feel with convenient access to Chicago.
- Unmatched access to a skilled workforce and executive talent reinforcing its attractiveness to potential tenants.
- located in the affluent, family-oriented neighborhood of Park Ridge
EXECUTIVE SUMMARY
CBRE, as the exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 1400 Renaissance Drive (the “Property”), a well-located suburban office asset encompassing 47,830 rentable square feet (RSF). Strategically situated in the highly sought-after Park Ridge neighborhood, the Property enjoys excellent access to I294 which provides users with direct access to O’Hare International Airport which is less than 10 minutes from the Property. Additionally, 1400 Renaissance is roughly 35 minutes from Downtown Chicago.
The Property sits in a desirable transit-oriented location with major nearby demand drivers such as Main East Highschool and Lutheran General Hospital which are a 3- and 5-minute drive away, respectively. Furthermore, the Property is located near the intersection of N Northwest Highway and I284 and is within a dense residential area of
Park Ridge. Park Ridge is home to nearly 40,000 residents and is known for its strong school system and local jobs
The Property sits in a desirable transit-oriented location with major nearby demand drivers such as Main East Highschool and Lutheran General Hospital which are a 3- and 5-minute drive away, respectively. Furthermore, the Property is located near the intersection of N Northwest Highway and I284 and is within a dense residential area of
Park Ridge. Park Ridge is home to nearly 40,000 residents and is known for its strong school system and local jobs
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
47,830 SF
Building Class
B
Year Built/Renovated
1970/1984
Percent Leased
39%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
11,958 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
3.49 AC
Zoning
Commercial
Parking
75 Spaces (1.57 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
- Balcony
PROPERTY TAXES
| Parcel Number | 09-22-110-007-0000 | Improvements Assessment | $392,430 CAD |
| Land Assessment | $709,639 CAD | Total Assessment | $1,102,069 CAD |
PROPERTY TAXES
Parcel Number
09-22-110-007-0000
Land Assessment
$709,639 CAD
Improvements Assessment
$392,430 CAD
Total Assessment
$1,102,069 CAD
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