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1400 Renaissance Dr
Park Ridge, IL 60068
Land Site · Land For Sale
·
3.49 AC
INVESTMENT HIGHLIGHTS
- 1400 Renaissance Drive is located in the affluent, family-oriented neighborhood of Park Ridge
- Highly-rated school districts, and a suburban feel with convenient access to Chicago
- Located just northwest of Chicago, Park Ridge is known for it tree lined streets
- Primarily occupied by its namesake airport, the O’Hare neighborhood includes a busy suburban zone with airport hotels, restaurants & shopping.
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
1 LOT AVAILABLE
Lot
| Lot Size | 3.49 AC |
| Lot Size | 3.49 AC |
DESCRIPTION
1400 Renaissance Drive in Park Ridge, IL, this four-story office building offers 47,830 SF of rentable space on a 3.49-acre site. The property features a typical floor plate of 12,800 SF, with an occupancy rate of 38.6%, providing an excellent opportunity for tenants seeking space in a well-positioned suburban market. Built in 1970 and renovated in 1984, the building includes 75 surface parking spaces and 17 indoor spaces, ensuring ample parking for employees and visitors. Zoned for office use, this property combines convenience and accessibility in a prime location.
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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