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324 W Touhy Avenue

Park Ridge, IL 60068
  • $1,800,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: 11069271
UPDATED: 40 min ago
$1,800,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $300
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

The offering is a 6,000 square foot free-standing commercial office building leased to @properties, one of the leading real estate brokerage firms in the Chicagoland area. There is a net lease in place that expires in June, 2028 with 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally there are 3 five (5) year options to renew the lease. The tenant is responsible for all Real Estate Taxes and CAM.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-26T16:03:05.043 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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324 W Touhy Avenue Park Ridge, IL 60068

  • Price: $1,800,000
  • Status: Active
  • Updated: 40 min ago
  • MLS #: 11069271
0
Beds
0
Baths
0
½ Baths
0.27
Acres
6,000
SQFT
$300
$/SQFT
1999
Built
Neighborhood:
Park Ridge
County:
Cook
Area:
Park Ridge
Property Description
The offering is a 6,000 square foot free-standing commercial office building leased to @properties, one of the leading real estate brokerage firms in the Chicagoland area. There is a net lease in place that expires in June, 2028 with 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally there are 3 five (5) year options to renew the lease. The tenant is responsible for all Real Estate Taxes and CAM.
Interior Features

Cooling Chillers Heat Ventilation Central Bldg Heat Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 6000 Built Before1978 YN No Electric Circuit Breakers Fire Protection Sprinklers Geographic Locale Northwest Suburban Gross Income 126075 Gross Scheduled Income 126075 Leasable Area 6000 Net Operating Income 126075 Operating Expense 50550 Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 50550 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairs Type Office/Tech

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Commercial.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-26T16:03:05.043 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822