Park Ridge, IL 60068 1024-34 Busse Highway

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Presented By: Onix Realty, Inc.
  • MLS# 12030113
  • 04/15/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 10,995

Home Details

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!
Presented By: Onix Realty, Inc.

Interior Features for 1024-34 Busse Highway

Other Interior Features

Street SuffixHighway

General for 1024-34 Busse Highway

Additional Parcels Y/NYes
CityPark Ridge
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market7
DirectionsOn Busse just west of Dee and Oakton
ElectricCircuit Breakers
Gross Income149760
Insurance Expense2400
Leasable Area10995
Lot Size Square Feet14614
MLS AreaPark Ridge
Net Operating Income74251
NumberOfUnitsTotal6
Operating Expense75509
Property SubTypeOther, Strip Center
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofReflective Coating
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount60709
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat, Scavenger, Varies by Tenant
Year Built1972
ZoningCOMMR

Exterior for 1024-34 Busse Highway

Building Area Total10995
ExteriorBrick
Frontage TypeCity Street
Lot Dimensions14614

Additional Details

Price History

Worth Clark

Price $1,099,000
MLS#12030113
List Date 04/15/2024
Property Type Commercial
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