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28 Main St - 28-30 Main Street 0.17 Acres of Commercial Land Offered at £893,035 in Park Ridge, IL 60068
INVESTMENT HIGHLIGHTS
- Generational Ownership Type Property. Extremely safe and business friendly community surrounded by upscale residential properties.
- Already zoned for 3 stories/40ft mixed use w/ 1st flr commercial. 4 or 5 stories possible. Restaurant/Bar,Boutique Hotel, and other uses possible.
- Cooperative City of Park Ridge building department looking for a new development for the property.
- In the heart of upscale Park Ridge's "Uptown" Business District...and has excellent parking!
- Excellent walkablitly. Very close to Metra,Trader Joes,Whole Foods, Banking, Fitness etc.
- Large Public Parking immediately behind the location. New Wide Well Lit Alley for deliveries and/or guest access.
EXECUTIVE SUMMARY
Property being sold "AS IS".
Already zoned for 3 Story/40 ft. Possible 2nd Floor Bar Deck. 4 or 5 floors possible for the right project.
DATA ROOM Click Here to Access
PROPERTY FACTS
1 PLOT AVAILABLE
Plot
| Price | £893,035 | Total Plot Size | 0.17 ac |
| Price Per ac | £5,186,759.07 |
| Price | £893,035 |
| Price Per ac | £5,186,759.07 |
| Total Plot Size | 0.17 ac |
50ft X 150 ft rectangle.Ready for new project of a mixed use building,the first floor commercial (restaurant/bar/boutique hotel/retail/professional)with 2 floors of apartments or condos 40ft height or moreSee"Brochure and Other Docs" area for details
DESCRIPTION
Take Advantage of the New Immediate Expensing Bill/Laws and the Federal Reserve initiation of a rate reduction cycle. Vacant Land in Upscale Park Ridge's Prime Downtown entertainment district. Already zoned for 3 story/40ft mixed use. Boutique Hotel possible with 4 or 5 stories. Possible 2nd floor bar/restaurant rooftop deck. Come build your next project. Rare Opportunity to acquire a generational type of property in an excellent location in the downtown area of Park Ridge called "Uptown". Excellent walk-ability. Extremely safe and business friendly community. 50ft x 150ft lot which is immediately in front of a large public parking lot. Newly paved wide alley for deliveries. Many new buildings in the immediate area of the thriving upscale community in Chicago’s northwestern suburbs. Close proximity to amenities like the Metra station, Trader Joe’s, Whole Foods, popular parks,the City Hall, and the Police Station. In the center of a mix of popular local, regional, and national restaurants, bars, shops and professional offices surrounded by upscale residential properties. Area of concerts in the park, summer festivals, and local parades. This is the place to be. 2023 ALTA Survey available. 2023 Environmental Report available. Property being sold "AS IS". Taxes approximately $2,800 for tax year 2023. ***Letter of Intent Form*** is available upon request OR Available in the "DATA ROOM" area of the ad. For consideration of an offer, ***a Proof of Funds Letter*** will be required along with this completed Letter of Intent. .
PROPERTY TAXES
| Parcel Number | 09-35-202-003-0000 | Improvements Assessment | £0 |
| Land Assessment | £7,847 | Total Assessment | £7,847 |
PROPERTY TAXES
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28 Main St
28 Main St - 28-30 Main Street
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