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28 Main St
Park Ridge, IL 60068

$1,195,000 USD

Land For Sale  •  0.17 AC

Property Details

  • Property Type Land
  • Lot Size 0.17 AC
  • Zoning B-4
46 Transit Score
94 Walk Score

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.
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Highlights

Generational Ownership Type Property. Extremely safe and business friendly community surrounded by upscale residential properties.
In the heart of upscale Park Ridge's "Uptown" Business District...and has excellent parking!
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.
Excellent walkablitly. Very close to Metra,Trader Joes,Whole Foods, Banking, Fitness etc.
Cooperative City of Park Ridge building department looking for a new development for the property.
Large Public Parking immediately behind the location. New Wide Well Lit Alley for deliveries and/or guest access.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Park Ridge Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 0 min 1 min 0.1 mi
Edison Park Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.2 mi
Transit/SubwayDriveWalkDistance
Park Ridge Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 0 min 1 min 0.1 mi
AirportDriveWalkDistance
Chicago O'Hare International 34 min - 11.1 mi
Chicago Midway International 37 min - 19.6 mi
William Parilla 312-888-5909 28 Main St
William Parilla 312-888-5909 28 Main St