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516 Higgins Road, Park Ridge, IL 60068

516 Higgins Road, Park Ridge, IL 60068
Turn-Key Retail Investment in Class "A" location of Park Ridge, IL. 2 long-term tenants in place. Both leases expire November 2024. Tenants pay everything other than landscaping and roof maintenance. Gross Annual Income 2022: $92,388 Annual Operating Expenses: $32,999 Net Operating Income: $59,389 CAP RATE IN PLACE: 6.99% Great location surrounded by new commercial development projects, Close proximity to O'Hare Airport, Rosemont and Chicago. Desirable corner lot with 63' of street frontage on one of the busiest streets in Illinois (Higgins Road). Owner has continuously maintained the property and kept the asset in great condition. New Roof in 2016.
Sqft3500
Year Built1978

Porperty Highlights

  • Price $850,000
  • Property Size 3500 Sqft
  • Property ID 11905657
  • Property Status Closed
  • Year Built 1978
  • Garage Size x x
  • Property Type Strip Center, Commercial Sale
  • Roof Membrane
  • Cooling Central Air
  • County Cook
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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gallery

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

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Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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516 Higgins Road, Park Ridge, IL 60068

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